Bill No.: SF0049                  Drafter:  MQ

LSO No.:  08LSO-0253              Effective Date:  7/1/2008

Enrolled Act No.:  SEA0006

Chapter No.:       15

Prime Sponsor:     Senator Von Flatern

Catch Title:       Impact assistance payments.

Subject:  Provides for a minimum of optional sales and use taxes required to be imposed by a county to receive industrial siting impact assistance payments.

Summary/Major Elements:

· Under current law, counties that are likely to experience social or economic impact as the result of the construction of a large industrial facility or project, may apply for impact assistance, provided the county meets certain requirements.

· Requires a county to impose at least a 1% optional sales/use tax for general purposes, or at least a total of 2% of a combination of the general purpose, specific purpose or economic development optional sales/use taxes to be eligible to receive industrial siting impact assistance payments.

· Clarifies legislative intent for the 2007 law (Wyoming Session Laws, Chapter 133) which increased the maximum rate for the optional general purpose sales/use tax from 1% to 2%; and increased the maximum rate in any county imposing the optional taxes (general purpose and specific purpose) from 2% to 3%.  Clarifies that the legislature did not intend to require any local government to impose the addition 1% general purpose sales/use tax in order to receive impact assistance payments.  Clarifies that impact assistance payments should be paid until the effective date of this act without requiring any local government to impose the additional tax.