FIFTY-NINTH WYOMING LEGISLATURE

APPROVED INTERIM COMMITTEE STUDIES

2008 INTERIM

 

 

JOINT REVENUE INTERIM COMMITTEE

 

Standard Budget:                 $25,000

 

Priority # 1         Mineral taxation issues:  Coal and helium natural gas valuation

Review the valuation of coal and helium natural gas for taxation purposes.  A proposal has been made to study valuing coal through the use of a direct cost ratio.  The taxation of certain produced helium natural gas owned by the federal government continues to be of concern for the state.

 

Priority # 2         Excise taxation issues.

 

Study the following excise tax issues:

·        Tobacco tax - cigarette versus tobacco product taxes;

·        Vendor collection fees;

·        Non-highway use of fuel (agricultural gas tax credit vs. refund);

·        Ethanol - sunset date for excise tax credit.

·        Imposition of a statewide lodging tax.

 

Priority # 3         Miscellaneous taxation issues.

 

Property tax refunds/credits:  Consolidation of administration of the various property tax refunds/exemptions/credits programs.

 

Priority # 4         Joint meeting with Joint Appropriations Interim Committee

 

Committee will meet with the Joint Appropriations Interim Committee to review the funds/accounts from which appropriations are made, and review revenue projections versus expenditures.

 

Tentative meeting schedule:

 

Committee anticipates two 2-day meetings, one the week of August 11, and the second the week of November 17.  Additionally, the Committee would like is authorized to meet 1 day jointly with the Joint Appropriations Interim Committee to discuss trending in revenues and expenditures.  Also, the Committee would like to will tour a mine in conjunction with another meeting. [Modified by Management Council]