Wind tax exemption-repeal.

Plain English Breakdown

The bill did not pass and therefore has no effective date or immediate impact on current laws.

Wind Tax Exemption Repeal Act

This act proposes to remove a three-year tax exemption for wind energy production in Wyoming.

What This Bill Does

• Proposes to repeal 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 in Wyoming who are currently benefiting from a tax exemption, if the bill were to pass.

Terms To Know

Tax Exemption

A law that allows certain groups or businesses to not pay all or part of their taxes for a specific period.

Effective Date

The date when a new law starts being applied and enforced, if the bill were to pass.

Limits and Unknowns

• It is unclear how many wind energy producers will be affected by this change.
• The bill did not pass, so the tax exemption remains in place as of now.

Current Bill Text

24LSO-0423
2024
STATE OF WYOMING
24LSO-0423
Numbered
2.0

HOUSE BILL NO. HB0109

Wind tax exemption-repeal.

Sponsored by: Representative(s) Slagle, Allemand, Banks, Bear, Haroldson, Heiner, Jennings and Knapp and Senator(s) Hicks and Hutchings

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105(b) is repealed.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The three (3) year tax exemption provided in W.S. 39‑22‑105(b) as repealed by section 1 of this act shall apply as provided in that subsection to any turbine that first produced electricity for sale prior to the effective date of this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 immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

1
HB0109