10 I The Lovell Chronicle ] October 14, 2010
www. LovellChronicle.com
Statewide sales tax sees significant
drop, county increases
PUBLIC NOTICE
A report detailing several of the
State's most significant revenue sourc-
es indicates that total sales and use
tax collections in fiscal year 2010 de-
clined dramatically from the previous
year. Economic Analysis Division pro-
duces the annual report, titled "Wy-
oming Sales, Use, and Lodging Tax
Revenue Report." The 2010 edition
contains sales and use tax collection
information categorized by the North
American Industry Classification Sys-
tem (NAICS). In addition, sales tax
collections for the retail trade Sector,
which are itemized by sub-sector com-
ponent, and for the accommodation
and food services sector are provided
in the report. Mso included in this
publication are yearly lodging tax col-
lections by local entity.
Total sales and use tax collections
for fiscal year 2010, at $782.0 million,
declined 20.3 percent from the previ-
ous year level, the steepest drop in
Wyoming's sales tax history. The an-
nual decrease rate for the state-im-
posed 4 percent sales tax collections
was 20.2 percent, compared to the 1.9
percent growth rate recorded in fiscal
year 2009. Because locally imposed
optional taxes often change during a
fiscal year, an accurate comparison
should only include the state-imposed
4 percent taxes to reflect changes in
taxable sales over time.
"The downturn in energy explo-
ration, particularly natural gas pro-
duction, dragged Wyoming's economy
into a recession in late 2008 -- ap-
proximately one year after the U.S.
recession began," said Dr. Wenlin Liu,
senior economist with the Economic
Analysis Division. "So, sales tax col-
lections have been slowing down dra-
matically since March 2009."
Sales and use tax collections in
the mining, construction, and whole-
sale trade sectors suffered the most
substantial decrease of more than
30.0 percent, respectively, during the
year. However, it is the mining sector
alone that accounted for nearly one-
third of the total sales tax decline.
The State does not impose a sales tax
on production of minerals, but on sup-
plies and equipment used in mineral
extraction. Additionally, certain ser-
vices rendered within an oil or gas
well site are subject to sales and use
taxation as well as services rendered
under contract for mining and crush-
are from mining industry, the changes
in total sales and use tax collections in
Wyoming have been mainly affected
by the dramatic swing in mineral ac-
tivities in recent years," said Liu.
Collections from the retail trade
sector, which reflect consumers' daily
20,000-
//
/
10,000- /
/
o/
F
2005
Lodging Tax Collections
I Big Horn
County
(Lovell and
Greybull
only)
2006 2007 2008 2009 2010
Information provided by the Wyoming Department of Administration and Information
spending, reached $187.8 million in
fiscal year 2010. This represented a
decrease of 15.3 percent from a year
earlier. The retail trade sector is the
largest contributor of the industrial
sectors in sales and use tax collections.
Together with mining and wholesale
trade, contraction from these three
sectors attributed to 74.7 percent of
total sales tax declines.
Annual sales and use tax collec-
tions in 21 of Wyoming's 23 counties
dropped from previous year levels.
Carbon, Lincoln, and Sublette coun-
ties revealed the most staggering de-
cline of over 30.0 percent, respective-
ly, from the fiscal year 2009 level.
Campbell, Converse, Johnson, Nat-
rona, Sweetwater, and Uinta counties
experienced at least 20 percent de-
clines. Nearly all of these counties re-
corded dramatically reduced activities
associated with mineral exploration,
which also triggered a tremendous de-
scent in sales tax collections in the re-
tail trade and other services sectors.
Other industrial sectors, such as con-
struction in Campbell and Converse
counties, wholesale trade in Sublette
County, and manufacturing in Nat-
rona County also contributed to the
shrinkage in sales and/or use tax col-
lections.
Areas without much mineral
ing minerals .... exploration experienced the least
"As about 20 percent of collectiong+: amount of suffering in fiscal year
2010. For example, the sales and use
tax collections either grew slightly or
declined less than 5 percent in Alba-
ny, Big Horn, Crook, Laramie, Park,
and Washakie counties.
Big Horn County showed a slight
increase of 3.1 percent from Fiscal
8,000,000-
6,000,000-
o P'
X
- 4,000,000.
2,000.000-
Use Tax Collections ($)
Total Sales and
W Big Horn
County
Year 2009 to Fiscal Year 2010; show-
ing an increase from $6 million to
$6.248 million, while the total tax in-
creased from $7.5 million to $7.8 mil-
lion.
Big Horn County showed an in-
crease from 2009 to 2010 in agricul-
ture, forestry, fishing and hunting;
transportation and warehousing, in-
formation; financial activities; profes-
sional and business services; leisure
and hospitality; and other services.
The county showed a drop in sales
tax collections in mining, utilities,
construction, manufacturing, whole-
sale trade, retail trade, educational
and health services; and public ad-
ministration.
LODGING TAX
Total lodging tax collections, at
$7.4 million for fiscal year 2010, were
down significantly from the $8.1 mil-
lion collected in the previous year, or
a 7.7 percent drop. This followed the
previous year's moderate growth rate
of 2.9 percent. Five counties with a
lodging tax imposition experienced
expansions in lodging tax collections.
However, growth for two counties was
mainly due to a change in the tax
rates. Campbell County resumed its 2
percent lodging tax in September 2009
after 3 years of suspension, while Gos-
hen County raised taxes from 3 per-
cent to 4 percent in April 2009. On the
other hand, counties that experienced
the largest declines in fiscal year
2010, included Hot Springs (-52.5 per-
cent), Platte (-61.4 percent), and Sub-
lette (-88.7) in which these losses were
attributed to lodging tax expirations.
For counties without tax rate
changes, Lincoln County's lodging
taxes recorded the largest jump, at
52.4 percent from one year earlier.
Converse, Natrona, Sweetwater, and
Uinta counties suffered declines of
around 20 percent, respectively, dur-
ing the year. The lodging tax collec-
tions in Park County, the largest in
the state, totaled $1.5 million in fiscal
year 2010, showing a slight decrease
of 0.3 percent from the previous year
level. Although there is not a lodg-
ing tax imposition, the sales tax col-
lections on lodging services in Teton
County showed a substantial decline
of 11.0 percent from the previous year
level.
Big Horn County showed a drop
of 12.4 percent in lodging tax from
FY2009 to FY2010, dropping from
$26,762 in 2009 to $23,447 in 2010.
Over the past six years, the lodging
tax, levied only in Lovell and Grey-
bull, has ranged from $18,648 in 2005
to a peak in 2009.
The complete report is avail-
able online: http://eadiv.state.wy.us/
s&utax/s&u.html.
0"
FY 2008 FY 2009 FY 2010
Information provided by the Wyoming Department of Administration and Information
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P. O. Box 787, 23& E. Main, Lovell. WY 82431
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Publish: October 14, 2010
Lovell Kod Club
Love, 00hooti.g Complex
255 Hwv.
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l;uddy h00t wlss half the total p0t
Extra prizes for
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di..er
All paPtlolpa.ts receive at least one turkey
Turkey Card +I0.5/I0 sh0f r0usde
REEf
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