Official summary
Bill Summary - 26LSO-0438
Bill No.:
HB0120
Effective:
Immediately
LSO No.:
26LSO-0438
Enrolled Act No.:
HEA No. 0034
Chapter No.:
93
Prime Sponsor:
Campbell, K
Catch Title:
Energy product reclassification and sovereignty act.
Has Report:
No
Subject:
Establishment of industrial sovereign zones.
Summary/Major Elements:
This bill establishes the Energy Product Reclassification and Sovereignty Act, creating industrial sovereign zones to encourage the production of value-added manufactured products using natural gas.
The bill defines the roles of the Wyoming Energy Authority in certifying and supporting industrial sovereign zones, including expedited licensing and permitting processes.
The bill allows county commissioners to nominate areas as industrial sovereign zones, subject to approval by the Wyoming Energy Authority.
The bill establishes tax exemptions for machinery used in the production of value-added manufactured products within these zones.
Introduces a certification program for products meeting specific methane intensity standards, administered by the Wyoming Energy Authority.
Appropriates funds to the Wyoming Energy Authority for implementation of the Act.
The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent.
While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.