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]