H.B. No. 0054

Tax incentive for tertiary production.

 

Sponsored By:                              Representative(s) Law, Berger, Childers, Illoway, Latta, Lockhart, Miller, D., and Senator(s) Hawks

 

AN ACT relating to taxation and revenue; extending the excise tax incentive on new tertiary production as specified; requiring report to the legislature; and providing for an effective date.

 

 

12/23/2002        Bill Number Assigned

1/14/2003         H Received for Introduction

1/16/2003         H Introduced and Referred to H03

2/3/2003          H03 Recommended Do Pass

ROLL CALL

Ayes:  Representative(s) Anderson, R., Bucholz, Childers, Cohee, Lockhart, Meyer and Wostenberg

Nays:  Representative(s) Johnson, L. and Thompson

Ayes 7    Nays 2    Excused 0    Absent 0    Conflicts 0

 

2/3/2003          H Placed on General File

2/4/2003          H Passed CoW

2/5/2003          H Passed 2nd Reading

2/6/2003          H Passed 3rd Reading

 

ROLL CALL

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

Nays:  Representative(s) Alden, Boswell, Esquibel, Gilmore, Johnson, L., Landon, Meuli, Thompson and Tipton.

Excused:  Representative(s) Philp

Ayes 50    Nays 9    Excused 1    Absent 0    Conflicts 0

 

2/6/2003          S Received for Introduction

2/7/2003          S Introduced and Referred to S09

2/19/2003         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

 

2/19/2003         S Placed on General File

2/25/2003         S Passed CoW

 

2/26/2003         S Amendments Considered

HB0054S2001/FC    (CORRECTED COPY)  FAILED

Page 1-line 17                                        After "production" insert "provided if the average monthly price received on tertiary production as determined by the department of revenue equals or exceeds twenty-one dollars ($21.00) per barrel for the previous year, the severance tax exemption is reduced by one percent (1%)".  MEIER

 

ROLL CALL

Ayes:  Senator(s) Barton, Boggs, Burns, Caller, Case, Cathcart, Decaria, Goodenough, Job, Massie, Meier, Schiffer and Scott.

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

Ayes 13    Nays 17    Excused 0    Absent 0    Conflicts 0

 

2/26/2003         S Passed 2nd Reading

 

2/27/2003         S Amendments Considered

HB0054S3001/AC    (CORRECTED COPY)  ADOPTED

Page 1-line 17                                        After "production" insert "provided no exemption shall be allowed under this subsection In those months when the price received by the producer for the tertiary production equals or exceeds twenty-seven dollars and fifty cents ($27.50) per barrel".  HAWKS, DECARIA, MEIER

 

HB0054S3002/F     FAILED

Delete the Decaria Third Reading Amendment (HB0054S3001/AE) entirely and further amend as follows:

Page 1-line 17                                        After "production" insert ", provided if the average monthly price received on tertiary production as determined by the department of revenue equals or exceeds twenty-five dollars ($25.00) but is less than thirty dollars ($30.00) per barrel for the previous year, the severance tax exemption is reduced by one percent (1%).  If the average monthly price received on tertiary production as determined by the department of revenue equals or exceeds thirty dollars ($30.00) per barrel for the previous year, no exemption shall be allowed under this subsection".  MEIER

 

2/27/2003         S Passed 3rd Reading

 

ROLL CALL

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

Nays:  Senator(s) Boggs, Burns, Case, Cathcart, Decaria, Goodenough, Job, Massie, Schiffer and Scott.

Ayes 20    Nays 10    Excused 0    Absent 0    Conflicts 0

 

2/28/2003         H Did Concur

 

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, Parady, Petersen, Philp, Powers, Prosser, Reese, Robinson, Ross, Semlek, Simpson, Slater, Tipton, Walsh, Warren, Wasserburger and Wostenberg.

Nays:  Representative(s) Thompson

Ayes 59    Nays 1    Excused 0    Absent 0    Conflicts 0

 

2/28/2003         Assigned Number HEA 0072

3/1/2003          H Speaker Signed HEA No. 0072

3/1/2003          S President Signed HEA No. 0072

3/5/2003          Governor Signed HEA No. 0072

 

Chapter No. 0130  Session Laws of Wyoming 2003.