Wyoming2025Inactive

HB0012

Tax Deferral for Industrial Equipment Storage

Last scannedOct 23, 2026, 2:19 AM

In one sentence

The bill provides a tax deferral for the storage of industrial production equipment in Wyoming before installation, with specific conditions and requirements.

Provides an ad valorem tax deferral for the storage of industrial production equipment in Wyoming before it is installed.
Limits the exemption to two reporting periods if the equipment remains uninstalled and meets certain conditions.
Requires companies to pay sales or use tax when removing equipment from a commercial storage facility.
Gives the Wyoming Department of Revenue authority to set rules about how this deferral works.

Companies storing industrial production equipment in Wyoming before installation.
The state and local governments collecting property taxes.

The bill does not apply to mobile machinery or raw materials used in production.
It only applies if the equipment remains uninstalled and meets specific conditions set by the Department of Revenue.
The exemption ends after two reporting periods, unless renewed.

Plain language

Industrial Production Equipment: Equipment used for manufacturing, processing minerals, or transforming materials into new products.
Commercial Storage Facility: A place approved by the state where industrial equipment is stored temporarily before installation.

Official record

Source checked

Public statements

Last checked Aug 3, 7:09 AM

Couldn't find a published reason.

Wyoming roll calls

1 roll call

H09 - Minerals:Do Pass Failed 2-6-1-0-02025-02-10 · House2 yes 6 no

Official activity