Enzi Works To Reverse Mineral Tax Change
Laramie, WY – Senator Mike Enzi says a coalition of U.S. senators is being put together to reverse a change in federal mineral royalties distribution that will cost Wyoming millions of dollars.
A spending bill passed by Congress and signed by President Bush increases the federal share of mineral royalties from 50 to 52 percent while decreasing the state's share from 50 to 48 percent.
Enzi says the change amounts to a tax against the state of Wyoming and other states with minerals owned by the federal government.
He noted that the states do all the administrative work of collecting the royalty money and making sure the correct amount is collected.
The Republican says his office is working with Governor Freudenthal's office to build a case to reverse the change.