Wind tax exemption-repeal.

Plain English Breakdown

The official source material does not provide specific details about which turbines are affected by the repeal or an exact effective date for the changes.

Wind Tax Exemption Repeal

The bill removes a three-year tax exemption for wind energy production and sets an end date for the repeal.

What This Bill Does

• Removes the existing law that allows wind energy producers to not pay taxes for three years after starting operations.

Who It Names or Affects

• Wind energy producers who were previously exempt from taxes for three years after starting operations.

Terms To Know

Tax Exemption

A law that allows certain groups or businesses to not pay some or all of a tax for a specific period.

Effective Date

The date when new laws start to be enforced and begin having an impact.

Limits and Unknowns

• It is unclear how many wind energy producers will be affected by the removal of this tax exemption.
• The bill did not pass, so it has no legal effect as of now.

Current Bill Text

21LSO-0182
2021
STATE OF WYOMING
21LSO-0182
Numbered
2.0

HOUSE BILL NO. HB0028

Wind tax exemption-repeal.

Sponsored by: Joint Corporations, Elections & Political Subdivisions Interim Committee

A BILL

for

AN ACT relating to the tax on production of energy from wind resources; repealing the three year tax exemption on energy production; specifying applicability; and providing for an effective date.

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

Section 1
.

W.S. 39
‑
22
‑
105(b) is repealed.

Section 2
.

The three (3) year tax exemption provided in W.S. 39‑22‑105(b) as repealed by section 1 of this act shall apply as provided in that subsection to any turbine that first produced electricity for sale prior to the effective date of this act.

Section 3
.

This act is effective July 1, 2021
.

(END)

1
HB0028