HB0196 • 2020

Transfer of mineral interests-tax obligations.

AN ACT relating to mines and minerals; requiring mineral producers to make certifications related to taxes prior to transfer to another producer; specifying applicability; and providing for an effective date.

Energy Land Taxes

Inactive

Wyoming marks this bill as inactive, which usually means it is no longer moving in the current session.

Sponsor: Coal/Mineral Bankruptcies
Last action: 2020-03-11
Official status: inactive
Effective date: 3/1/2020

Plain English Breakdown

The bill text does not specify what happens if taxes are not up-to-date; it only mentions certification requirements.

Rules for Transferring Mineral Rights

The bill requires mineral producers to certify that all state and local taxes related to their operations are up-to-date before transferring ownership of oil or gas permits.

What This Bill Does

Requires current mineral producers to provide a certification stating they have paid all state and local taxes related to the operation before selling or transferring their interests to another producer.
Specifies that this rule applies when someone wants to transfer an oil or gas permit.

Who It Names or Affects

Mineral producers who want to sell or transfer their interests in oil, gas, or mining operations.
Taxing authorities who need to give consent for transfers if taxes are not up-to-date.

Terms To Know

Certification: A formal statement that confirms something is true or correct.
Applicable taxing authorities: The government bodies responsible for collecting taxes in a specific area.

Limits and Unknowns

This bill was marked as inactive by Wyoming, meaning it did not move forward during the current session.
It is unclear how many mineral producers will be affected by this requirement.

Bill History

2020-03-11 House
H:Died in Committee Returned Bill Pursuant to HR 5-4
2020-02-26 House
H No report prior to CoW Cutoff
2020-02-13 House
H Introduced and Referred to H03 - Revenue 52-7-1-0-0
2020-02-12 House
H Received for Introduction
2020-02-11 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

20LSO-0305
2020
STATE OF WYOMING
20LSO-0305
Numbered
2.0

HOUSE BILL NO. HB0196

Transfer of mineral interests-tax obligations.

Sponsored by: Select Committee on Coal/Mineral Bankruptcies

A BILL

for

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

Section 1.

W.S. 30
‑
5
‑
104 by creating a new subsection (f) and 35
‑
11
‑
408 are amended to read:

30
‑
5
‑
104.

Oil and gas conservation commission; powers and duties; investigations; rules and regulations.

(f)

The commission shall require that before the sale or transfer of oil mining operations from one producer to another, the current producer shall first certify to the commission that payment of all state and local taxes related to the operation of the well or wells is current or will be made current at the time of the sale or transfer or at a later date with the consent of the applicable taxing authorities.

35
‑
11
‑
408.

Permit transfer.

A permit holder desiring to transfer his permit shall apply to the administrator. The potential transferee shall file with the administrator a statement of qualifications to hold a permit as though he were the original applicant for the permit and shall further agree to be bound by all of the terms and conditions of the original permit. The administrator shall recommend approval or denial of the transfer to the director. No transfer of a permit will be allowed if the current permit holder is in violation of this act, unless the transferee agrees to bring the permit into compliance with the provisions of this act.
Before any
transfer under this section, the permit holder shall certify that payment of all state and local taxes related to the mining operation is current or will be made current at the time of the sale or transfer or at a later date with the consent of the applicable taxing authorities.

Section 2.

The amendments to W.S. 30
‑
5
‑
104 and 35
‑
11
‑
408 under section 1 of this act shall apply to applications for sale or transfer made on or after the effective date of this act.

Section 3
.

This act is effective July 1, 2020
.

(END)

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