Severance tax on coal.

2017
STATE OF WYOMING
17LSO-0327
Introduced
1.3

HOUSE BILL

NO.
HB0104

Severance tax on coal.

Sponsored by:
Representative(s) Hallinan, Biteman, Clem, Edwards and Halverson

A BILL

for

AN ACT relating to coal taxation; reducing the severance tax rate for coal as specified; conforming related tax distribution provisions; and providing applicability; providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 39
‑
14
‑
104(a)(intro) and 39
‑
14
‑
111(a) are amended to read:

39
‑
14
‑
104
.

Tax rate.

(a)

The total severance tax rate for surface coal shall be
seven percent (7%)

six percent (6%)
. This rate comprises one and one
‑
half percent (1.5%) imposed by Wyoming constitution article 15, section 19, and
five and one
‑
half percent (5.5%)

four and one
‑
half percent (4.5%)
imposed statutorily. The tax shall be distributed as provided in W.S. 39
‑
14
‑
111 and is imposed as follows:

39
‑
14
‑
111
.

Distribution.

(a)

As provided by W.S. 39
‑
14
‑
104(a), the total severance tax rate for surface coal shall be
seven percent (7%)

six percent (6%)
. As provided by W.S. 39
‑
14
‑
104(b), the total severance tax rate for underground coal shall be three and three
‑
quarters percent (3.75%). A one and one
‑
half percent (1.5%) tax imposed by W.S. 39
‑
14
‑
104(a)(i) and a one and one
‑
half percent (1.5%) tax imposed by W.S. 39
‑
14
‑
104(b)(i) shall be deposited into the permanent Wyoming mineral trust fund. All other taxes imposed by W.S. 39
‑
14
‑
104(a) and (b) shall be deposited into the severance tax distribution account.

Section 2
.

W.S. 39
‑
14
‑
104(a)(v) is repealed.

Section 3
.

This act shall apply to coal produced on or after July 1, 2017.

Section
4
.

This
act is effective July 1,
201
7
.

(END)

1
HB0104