ADOPTED HOUSE AMENDMENTS

FRIDAY, JANUARY 14, 2005

HB0014HS001/A

Page 3-line 17     After "(B)," insert "39-15-107(a)(x),".

Page 14-After line 4    Insert:

"39-15-107.  Compliance; collection procedures.

(a)  Returns, reports and preservation of records.  The following shall apply:

(x)  Taxes paid on gross receipts represented by accounts found to be worthless may be credited against subsequent liability of the vendor.  The vendor shall not take the credit for any bad debt until he has used the customary debt collection procedures as documented in writing by the vendor and has written off the debt; or until the debt qualifies as a bad debt under 26 U.S.C. section 166 excluding financing charges or interest, sales or use taxes charged on the purchase price, uncollectible amounts on property that remain in the possession of the seller until the full purchase price is paid, any expenses incurred in attempting to collect any debt, and repossessed property.  If any such account is thereafter collected by the vendor, a tax shall be paid upon the amount collected.  The amount collected shall be applied proportionally first to the taxable price of the property or service and the sales tax thereon, and then to interest, service charges and any other charges.  Should the bad debt exceed the taxable sales for a subsequent period the vendor may request a refund of the tax on the bad debt from the department so long as the claim is made within three (3) years of the date of sale.  A certified service provider under W.S. 39-15-401 through 39-15-408 acting on behalf of a vendor may claim the bad debt allowance for the vendor and shall remit the credit or refund received to the vendor.  Should the bad debt apply to more than one (1) state, the debt may be allocated between the affected states.".

Page 22-line 6     Delete "July 1, 2005." insert "immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.".  ANDERSON, R., CHAIRMAN

HB0122HW001/A

Page 40-line 2     After "that" insert "either of the following paragraphs apply".  BUCHANAN