Section 39-14-802 – Advanced Conversion Technologies Research Account Created; Funds Deposited; Use of Funds.
39-14-802. Advanced conversion technologies research account created; funds deposited; use of funds. (a) There is created the advanced conversion technologies research account into which shall be deposited revenues as provided by law. Interest on earnings from funds in the account shall be credited to the account. (b) Deposits into the account created by subsection (a) […]
Section 39-14-710 – Statute of Limitations.
39-14-710. Statute of limitations. Except as otherwise provided in this article, there is no general statute of limitations for this article.
Section 39-14-711 – Distribution.
39-14-711. Distribution. (a) As provided by W.S. 39-14-704, the total severance tax rate for other valuable deposits shall be two percent (2%), and shall be deposited in the severance tax distribution account. (b) All payments received pursuant to W.S. 39-14-707(b)(iii) shall be transferred to an account. The monies in this account shall be invested or […]
Section 39-14-801 – Severance Tax Distributions; Distribution Account Created; Formula.
39-14-801. Severance tax distributions; distribution account created; formula. (a) There is created the severance tax distribution account into which shall be credited revenues from severance taxes as provided by law. Interest on earnings from funds in the account shall be credited to the general fund. (b) Before making distributions from the severance tax distribution account […]
Section 39-14-704 – Tax Rate.
39-14-704. Tax rate. The total severance tax rate for other valuable deposits shall be two percent (2%). The tax shall be distributed as provided in W.S. 39-14-711.
Section 39-14-705 – Exemptions.
39-14-705. Exemptions. There are no specific applicable provisions for exemptions for this article.
Section 39-14-706 – Licenses; Permits.
39-14-706. Licenses; permits. There are no specific applicable provisions for licenses and permits for this article.
Section 39-14-707 – Compliance; Collection Procedures.
39-14-707. Compliance; collection procedures. (a) Returns and reports. The following shall apply: (i) Annually, on or before February 25 of the year following the year of production any person whose property is subject to W.S. 39-14-702(a) shall sign under oath and submit a statement listing the information relative to the property and affairs of the […]
Section 39-14-708 – Enforcement.
39-14-708. Enforcement. (a) General. The following shall apply: (i) If the statement provided by W.S. 39-14-707(a)(i) is not filed, the department shall value the property from the best information available. The department may use information other than contained in the statement provided by W.S. 39-14-707(a)(i) to determine the fair market value of the property provided […]
Section 39-14-709 – Taxpayer Remedies.
39-14-709. Taxpayer remedies. (a) Interpretation requests. The following shall apply: (i) The taxpayer may request a value determination from the department and propose a value determination method which may be used until the department issues a value determination. The taxpayer shall submit all available data relevant to its proposal and any additional information the department […]