Wind energy production tax.

Plain English Breakdown

The bill did not pass in the current session of Wyoming's legislature and is marked as inactive. Therefore, its provisions are not currently enforceable.

Wind Energy Production Tax Act

The bill proposes to increase the tax rate on wind energy production in Wyoming and change how these taxes are distributed.

What This Bill Does

• Increases the tax rate for producing electricity from wind turbines to $2.00 per megawatt hour, up from $1.00 previously.
• Changes where the extra tax money goes: one dollar of each two dollars will go into the state's general fund instead of being distributed by the department.
• Removes a three-year exemption on taxes for wind energy production that was in place.

Who It Names or Affects

• Wind energy companies and producers who generate electricity from wind turbines in Wyoming.

Terms To Know

Megawatt hour

A unit of electrical power equal to one million watts used for one hour. It's a way to measure how much electricity is produced or consumed.

General fund

The main account where state government keeps money to pay for general expenses like education, transportation, and public safety.

Limits and Unknowns

• This bill did not pass in the current session of Wyoming's legislature and is marked as inactive.
• It would have taken effect on July 1, 2021, but since it didn't pass, this date has no impact now.

Current Bill Text

21LSO-0134
2021
STATE OF WYOMING
21LSO-0134
Numbered
2.0

HOUSE BILL NO. HB0108

Wind energy production tax.

Sponsored by: Representative(s) Hallinan, Baker, Blackburn and Zwonitzer and Senator(s) Case, Furphy and Hicks

A BILL

for

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

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

Section 1.

W.S. 39
‑
22
‑
104 and 39
‑
22
‑
111(a)(intro) and by creating a new subsection (b) are amended to read:

39
‑
22
‑
104.

Taxation rate.

(a)

The tax rate shall be
as follows:

(i)

O
ne dollar ($1.00) on each megawatt hour, or portion thereof, which is produced in this state
; and

(ii)

In addition to the tax under paragraph (i) of this subsection, one dollar ($1.00) on each megawatt hour, or portion thereof, which is produced in this state
.

39
‑
22
‑
111.

Distribution.

(a)

The proceeds from the tax imposed
by this chapter
under W.S. 39
‑
22
‑
104(a)(i)
shall be distributed by the department as follows:

(b)

The proceeds from the tax imposed under W.S. 39
‑
22
‑
104(a)(ii) shall be deposited in the state general fund.

Section 2.

W.S. 39
‑
22
‑
105(b) is repealed.

Section 3
.

The tax exemption under W.S. 39
‑
22
‑
105(b) that is repealed in section 2 of this act shall not apply to any electricity produced from a wind turbine in this state on or after July 1, 2021.

Section 4
.

This act is effective July 1, 2021
.

(END)

1
HB0108