H.B. No. 0006

Trona valuation.

 

Sponsored By:                              Joint Minerals, Business and Economic Development Interim Committee

 

AN ACT relating to taxation and revenue; providing for the valuation of trona as specified; and providing for an effective date.

 

11/25/2002        Bill Number Assigned

1/14/2003         H Received for Introduction

1/14/2003         H Introduced and Referred to H09

1/27/2003         H09 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Representative(s) Childers, Cooper, Esquibel, Illoway, Latta, Law, Meyer, Miller, D. and Walsh

Ayes 9    Nays 0    Excused 0    Absent 0    Conflicts 0

 

1/27/2003         H Placed on General File

 

1/28/2003         H Amendments Considered

HB0006HS001/A     ADOPTED

Page 1-line 2                                          After "specified;" insert "providing for a report;".

Page 2-after line 15                               Insert:

                                                                "Section 2.  The department of revenue shall review the industry factor established in W.S. 39-14-303(b)(ii) and report to the joint minerals, business and economic development interim committee on or before December 1, 2005 regarding the application of the industry factor and any recomputation of the factor necessary to continue to accurately reflect full fair market value of trona ore production.".

Renumber as necessary.  LAW, CHAIRMAN

 

1/28/2003         H Passed CoW

1/29/2003         H Passed 2nd Reading

1/30/2003         H Passed 3rd Reading

 

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Baker, Berger, Boswell, Brechtel, Buchanan, Bucholz, Childers, Cohee, Cooper, Diercks, Edwards, Esquibel, Gentile, Gilmore, Hageman, Harshman, Harvey, Hinckley, Iekel, Illoway, Jansen, Johnson, L., Johnson, W., Jones, Jorgensen, Landon, Latta, Law, Lockhart, Luthi, Martin, McMurtrey, McOmie, Meuli, Meyer, Miller, D., Morgan, Nicholas, Olsen, Osborn, Petersen, Philp, Powers, Prosser, Reese, Robinson, Ross, Semlek, Simpson, Slater, Thompson, Tipton, Walsh, Warren, Wasserburger and Wostenberg.

Conflicts:  Representative(s) Parady

Ayes 59    Nays 0    Excused 0    Absent 0    Conflicts 1

 

2/3/2003          S Received for Introduction

2/4/2003          S Introduced and Referred to S09

2/10/2003         S09 Recommended Do Pass

 

ROLL CALL

Ayes:  Senator(s) Barrasso, Coe, Decaria, Hawks and Mockler

Ayes 5    Nays 0    Excused 0    Absent 0    Conflicts 0

 

2/10/2003         S Placed on General File

2/12/2003         S Passed CoW

 

2/13/2003         S Amendments Considered

HB0006S2001/FE    (TO ENGROSSED COPY)     FAILED

Page 2-line 14                                        Delete "thirty-two and five-".

Page 2-line 15                                        Delete "tenths percent (32.5%)" insert "thirty-four and four-tenths percent (34.4%)".  SCOTT

 

ROLL CALL

Ayes:  Senator(s) Barton, Burns, Cathcart, Goodenough, Massie, Schiffer and Scott.

Nays:  Senator(s) Anderson, J., Barrasso, Boggs, Caller, Case, Coe, Decaria, Devin, Erb, Geis, Hanes, Hawks, Hines, Job, Kunz, Larson, Meier, Mockler, Northrup, Peck, Roberts, Sessions and Vasey.

Ayes 7  Nays 23  Excused 0  Absent 0  Conflict 0

 

HB0006S2002/AE    (TO ENGROSSED COPY)     ADOPTED

Page 2-line 24                                        After "production." insert "In addition, the department of revenue shall report on whether a fixed or calculated industry factor accurately reflects full market value of trona ore production and shall make recommendations for alternative methodologies to achieve a more accurate market-based valuation of trona ore.".  CASE

 

HB0006S2003/FE    (TO ENGROSSED COPY)     FAILED

Page 1-line 2                                          After "report;" insert "providing for the addition of trona into the econometric model with an accompanying appropriation;".

Page 2-after line 24                               Insert and renumber:

                "Section 3.  Thirty-five thousand dollars ($35,000.00) is appropriated from the general fund to the legislative service office to be used for including trona in the econometric model to evaluate mineral tax incentives developed pursuant to 1999 Wyoming Session Laws, Chapter 168, Section 3, during the 2003-2004 biennium.  The funds shall be expended only with the approval of the management council.".

Page 3-line 1          Delete "3" insert "4".  CASE

 

ROLL CALL

Ayes:  Senator(s) Burns, Case, Cathcart, Decaria, Geis, Goodenough, Hanes, Massie, Meier, Northrup and Schiffer.

Nays:  Senator(s) Anderson, J., Barrasso, Barton, Boggs, Caller, Coe, Devin, Erb, Hawks, Hines, Job, Kunz, Larson, Mockler, Peck, Roberts, Scott, Sessions and Vasey.

Ayes 11    Nays 19    Excused 0    Absent 0    Conflicts 0

 

2/13/2003         S Passed 2nd Reading

 

2/14/2003         S Amendments Considered

HB0006S3001/FE    (TO ENGROSSED COPY)     FAILED

Page 2-line 24                                        In the Case Second Reading Amendment (HB0006S2002/AE) to this line, after "valuation of trona ore." insert "Any meeting held between the department of revenue and one (1) or more trona industry representatives pursuant to this section shall be open to the public and advertised in a newspaper with statewide circulation at least two (2) weeks prior to the meeting.".  SCHIFFER

 

HB0006S3002/FE    (TO ENGROSSED COPY)     FAILED

Page 1-line 2                                          After "report;" insert "providing for the addition of trona into the econometric model with an accompanying appropriation;".

Page 2-after line 24                               Insert and renumber:

                "Section 3.  Thirty-five thousand dollars ($35,000.00) is appropriated from the general fund to the legislative service office to be used to include trona in the econometric model developed pursuant to 1999 Wyoming Session Laws, Chapter 168, Section 3, during the 2003-2004 biennium for the purpose of evaluating changes in tax and valuation impacts on the trona industry.  The funds shall be expended only with the approval of the management council.".

Page 3-line 1          Delete "3" insert "4".  CASE

 

ROLL CALL

Ayes:  Senator(s) Burns, Case, Cathcart, Decaria, Goodenough, Hanes, Massie, Meier, Mockler, Schiffer, Scott and Sessions.

Nays:  Senator(s) Anderson, J., Barrasso, Barton, Boggs, Caller, Coe, Devin, Erb, Geis, Hawks, Hines, Job, Kunz, Larson, Northrup, Peck, Roberts and Vasey.

Ayes 12    Nays 18    Excused 0    Absent 0    Conflicts 0

 

2/14/2003         S Passed 3rd Reading

 

ROLL CALL

Ayes:  Senator(s) Anderson, J., Barrasso, Barton, Boggs, Caller, Case, Coe, Decaria, Devin, Erb, Geis, Goodenough, Hanes, Hawks, Hines, Job, Kunz, Larson, Meier, Mockler, Northrup, Peck, Roberts, Sessions and Vasey.

Nays:  Senator(s) Burns, Cathcart, Massie, Schiffer and Scott.

Ayes 25    Nays 5    Excused 0    Absent 0    Conflicts 0

 

2/18/2003         H Did Concur

 

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Baker, Berger, Boswell, Brechtel, Buchanan, Bucholz, Cohee, Cooper, Diercks, Edwards, Esquibel, Gentile, Gilmore, Hageman, Harshman, Harvey, Hinckley, Iekel, Illoway, Jansen, Johnson, L., Johnson, W., Jones, Jorgensen, Landon, Law, Lockhart, Luthi, Martin, McOmie, Meuli, Meyer, Miller, D., Morgan, Nicholas, Olsen, Osborn, Petersen, Philp, Powers, Prosser, Reese, Robinson, Ross, Semlek, Simpson, Slater, Thompson, Tipton, Walsh, Warren and Wasserburger.

Nays:  Representative(s) Childers, Latta, McMurtrey and Wostenberg.

Conflicts:  Representative(s) Parady

Ayes 55    Nays 4    Excused 0    Absent 0    Conflicts 1

 

2/18/2003         Assigned Number HEA 0018

2/19/2003         H Speaker Signed HEA No. 0018

2/19/2003         S President Signed HEA No. 0018

2/21/2003         Governor Signed HEA No. 0018

 

Chapter No. 0024  Session Laws of Wyoming 2003.