SF0098 • 2018

Severance tax-exemption.

AN ACT relating to mine product taxes; providing an exemption for new production of crude oil and natural gas as specified; providing a sunset date; 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.

Sponsor: Senator Perkins
Last action: 2018-03-05
Official status: inactive
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0098S2001

2nd reading • Meier

Adopted

Plain English: Adopted 2nd reading by Meier

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

SF0098S2002

2nd reading • Rothfuss

Failed

Plain English: Failed 2nd reading by Rothfuss

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

2018-03-05 House
H postponed indefinitely
2018-03-05 House
H03 - Revenue:Do Pass Failed 3-6-0-0-0
2018-03-02 House
H Introduced and Referred to H03 - Revenue
2018-03-01 House
H Received for Introduction
2018-02-28 Senate
S 3rd Reading:Passed 17-13-0-0-0
2018-02-27 Senate
S 2nd Reading:Passed
2018-02-23 Senate
S 2nd Reading:Laid Back
2018-02-22 Senate
S COW:Passed
2018-02-21 Senate
S Placed on General File
2018-02-21 Senate
S09 - Minerals:Recommend Do Pass 3-2-0-0-0
2018-02-20 Senate
:Rerefer to S09 - Minerals
2018-02-15 Senate
S Introduced and Referred to S03 - Revenue 22-7-1-0-0
2018-02-14 Senate
S Received for Introduction
2018-02-13 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

2018
STATE OF WYOMING
18LSO-0445
ENGROSSED
2.1

SENATE FILE

NO.
SF0098

Severance tax-exemption.

Sponsored by:
Senator(s) Perkins, Bebout and Boner and Representative(s) Greear and Miller

A BILL

for

AN ACT relating to mine product taxes; providing an exemption for new production of crude oil and natural gas as specified; providing a sunset date; 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 wells
where production is first reported pursuant to W.S. 39
‑
14
‑
207(a)(i
)
on or after July 1, 2018
shall be
exempt from
fifty percent (50%)
of the
six percent (6%) tax

imposed by W.S. 39
‑
14
‑
204(a)
as provided in this subsection
.
This subsection is repealed effective July 1, 2025.
T
he
exemption
shall:

(i)

Not apply if the production is stripper production exempt under
subsection (a) of this section;

(ii
)

N
ot apply to any portion of the one and one
‑
half percent (1.5%) tax imposed by the Wyoming
C
onstitution
,

A
rticle 15,
S
ection 19
;

(iii)

A
pply
to production from the well
for the period
beginning the first day of the twenty
‑
eighth
month following the date production is
first reported
for that well
and ending on the last day of the forty
‑
eighth month following the date production is first reported for the well.

Section 2
.

This act is effective July 1, 201
8
.

(END)

1
SF0098