62nd WYOMING LEGISLATURE

PROPOSED INTERIM COMMITTEE STUDIES

2014 INTERIM

JOINT REVENUE INTERIM COMMITTEE

Standard Budget:     $37,500.00

Priority #: 1     Mineral tax code

Review the existing mineral tax code and consider areas within the code where it may be possible to simplify the tax code valuation methodologies while attempting to remain revenue neutral by product. This is a complex topic which may require consideration over multiple interims, consideration of constitutional issues and review of the approaches taken by other states. [Modified by Management Council]

Priority #: 2     Alternative fuel taxation

This topic would look into issues related to the taxation of alternative fuels including natural gas, electric and other fuels used to propel vehicles. The topic may result in recommending legislation to enact a new article to chapter 17 related to fuel tax for taxation of alternative fuels.

Priority #: 3     Tax exemptions and other tax issues

The Committee will consider:

a. Development of a framework to consider tax exemptions.

b. Tax exemption for broadband infrastructure.

c. Disclosure of real estate prices for tax appeal process.

d. Personal property tax collection amounts.

e. Revenue distributions from non-profits and lodging tax.

Priority #: 4     Revenue from tourism

The Department of Tourism will provide a one hour presentation on the state revenue impacts that can be traced to the Wyoming travel and tourism industry.

Priority #: 5     Affiliated businesses.

The Committee will review the issue raised when related or affiliated businesses transact with one another including the revenue implications and whether that results in double payment of taxes. [Study added by Management Council]

Priority #: 5 6     Tentative meeting schedule

June 2 - 3: Buffalo

September 22 - 23: Lander

November 10 - 11:  Cheyenne