Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
HB0172 • 2017
Severance tax-exemption.
AN ACT relating to mine product taxes; providing an exemption from severance tax on new production of crude oil and natural gas as specified; and providing for an effective date.
Energy
Taxes
Did Not Pass
The latest official action shows that this bill did not move forward in that session.
Bill History
-
2017-02-03
House
H:Died in Committee Returned Bill Pursuant to HR 5-4
-
2017-02-03
House
H No report prior to CoW Cutoff
-
2017-01-20
House
H Introduced and Referred to H03 - Revenue
-
2017-01-19
House
H Received for Introduction
-
2017-01-18
LSO
Bill Number Assigned
Current Bill Text
Read the full stored bill text
2017 STATE OF WYOMING 17LSO-0308 Introduced 1.8 HOUSE BILL NO. HB0172 Severance tax-exemption. Sponsored by: Representative(s) Miller and Greear and Senator(s) Bebout A BILL for AN ACT relating to mine product taxes; providing an exemption from severance tax on new production of crude oil and natural gas as specified; and providing for an effective date. Be It Enacted by the Legislature of the State of Wyoming: Section 1 . W.S. 39 ‑ 14 ‑ 205 by creating a new subsection (m) is amended to read: 39 ‑ 14 ‑ 205 . Exemptions. (m) Crude oil and natural gas produced from new wells drilled between July 1, 2017 and June 30, 2022 is exempt from the severance taxes imposed by W.S. 39 ‑ 14 ‑ 204(a)(ii i) and (iv) for the first forty ‑ eight (48) months from the date the production is reported pursuant to W.S. 39 ‑ 14 ‑ 207(a)(i) or until the price received by the producer for the new production is equal to or exceeds sixty ‑ five dollars ($6 5.00) per barrel of oil or four dollars ($ 4 .00) per MCF of natural gas for the preceding six (6) month period of time . Section 2 . This act is effective July 1, 201 7 . (END) 1 HB0172