State assessment of independent power producers-2.

Plain English Breakdown

The bill did not pass and was not considered for introduction on February 18, 2022. Therefore, there is no official text or summary provided beyond the initial proposal.

Clarifying State Responsibility for Assessing Independent Power Producers' Property

The bill aims to clarify that the state must assess and value property owned by independent power producers who generate or transmit electricity for wholesale purposes.

What This Bill Does

• Adds a new paragraph (xi) to Wyoming Statute 39-13-102(m), stating that the department is responsible for annually valuing and assessing property of independent power producers operating facilities for generation or transmission of electricity for wholesale.

Who It Names or Affects

• Independent power producers who generate or transmit electricity for wholesale in Wyoming.
• The state department responsible for property valuation and assessment.

Terms To Know

ad valorem taxation

A type of tax based on the assessed value of a property, such as real estate or personal property.

independent power producers

Companies that generate electricity and sell it to utilities or directly to customers without being part of an electric utility company.

Limits and Unknowns

• The bill did not pass in the session, so its provisions are not currently law.
• It does not specify how the valuation process will be carried out beyond stating that the state is responsible for it.

Current Bill Text

22LSO-0450
2022
STATE OF WYOMING
22LSO-0450
Numbered
2.0

HOUSE BILL NO. HB0151

State assessment of independent power producers-2.

Sponsored by: Representative(s) Zwonitzer, Kinner and Sweeney and Senator(s) Driskill

A BILL

for

AN ACT relating to ad valorem taxation; clarifying that the state is responsible for the valuation and assessment of property of independent power producers; and providing for an effective date.

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

Section 1.

W.S. 39
‑
13
‑
102(m) by creating a new paragraph (xi) is amended to read:

39
‑
13
‑
102.

Administration; confidentiality.

(m)

The department shall annually value and assess the following property at its fair market value for taxation:

(xi)

Property of independent power producers operating facilities for the generation or transmission of electricity for wholesale.

Section 2
.

This act is effective July 1, 2022
.

(END)

1
HB0151