Taxation of helium.

08LSO-0364.L1

                                                         

FISCAL NOTE

 

 

FY 2009

FY 2010

FY 2011

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase:

 

 

 

BUDGET RESERVE ACCOUNT

679,347

679,347

679,347

GENERAL FUND

339,673

339,673

339,673

PERM. MINERAL TRUST FUND

727,872

727,872

727,872

 

Source of revenue increase:

 

Helium produced in Wyoming becomes taxable under Wyoming Statutes

 

 

Assumptions:

 

The above estimates are based on January 2008 CREG projections, and the current severance tax rate on natural gas of 6%.

 

Production of helium stays relatively constant.

 

Helium prices continue at their historical rates.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Matt Sachse, Dept. of Revenue         Phone: 777-5310