Revenue Committee Meets In Buffalo This Week

State Representative Mike Madden
State Representative Mike Madden

The Wyoming Legislature's Joint Interim Revenue Committee will be having their meetings this Thursday and Friday at the Hampton Inn in Buffalo.

The committee, which includes Representative Mike Madden of Buffalo, will discuss tobacco taxes including reviewing current cigarette taxes, uses of the revenue from them, and review revenue from the Tobacco Trust.

According to their tentative agenda, they are also scheduled to review local government revenues for counties and cities in the state, and consider a bill concerning local optional sales and use taxes.

The committee will get an update on the streamlined sales tax initiative and current national activities from the Department of Revenue; discuss initiatives from other states to possibly supplement or replace national action; and will consider possible alternatives the committee may take, including legislation.

They will look into possible revenue sources for School Facilities Funding; hear a report from Revenue/Education members on the possibility of increasing existing class sizes in Wyoming schools;
look into possible tax generation for schools from electricity produced from wind power.

Exemptions on excise taxes specifically for economic incentives and those connected with services will be reviewed; and a proposed bill for the removal of exemptions for economic incentives will be discussed in-depth by the committee.

The committee meetings are scheduled to begin at 8am Thursday and continue into the afternoon, then resume at 8:30 Friday morning and continue until their business is completed.

The meeting is open to the public.

SheridanWyoming.com

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