SF0085 • 2024

Repeal of sales tax on electricity.

AN ACT relating to sales tax; providing an exemption for sales of electricity that is contingent on the imposition of an alternative tax on the production of electricity; and providing for an effective date.

Energy Taxes

Inactive

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

Sponsor: Senator Case
Last action: 2024-02-23
Official status: inactive
Effective date: 3/1/2024

Plain English Breakdown

The bill did not pass and is marked as inactive in its current session.

Removing Sales Tax on Electricity

The bill proposes to remove the sales tax on electricity but requires an alternative production tax of at least 3.5%.

What This Bill Does

Removes the sales tax that people pay when they buy electricity from public utilities and other providers, contingent upon the imposition of a new production tax.

Who It Names or Affects

Electricity customers who will no longer pay sales tax on their electricity purchases if an alternative production tax is implemented.
Electricity producers who must now pay a new production tax of at least 3.5% if the bill becomes law.

Terms To Know

Public Utilities: Companies that provide essential services like electricity, water, and gas to the public.
Excise Tax: A tax on specific goods or activities, such as buying electricity.

Limits and Unknowns

The bill is no longer active because it did not pass in its current session.
It only removes the sales tax if a new production tax of at least 3.5% is put in place by the state and approved by the Department of Revenue.

Bill History

2024-02-23 Senate
S:Died in Committee Returned Bill Pursuant to SR 5-4
2024-02-23 Senate
S No report prior to CoW Cutoff
2024-02-21 Senate
S03 - Revenue:Do Pass Failed 0-5-0-0-0
2024-02-13 Senate
S Introduced and Referred to S03 - Revenue 28-3-0-0-0
2024-02-12 Senate
S Received for Introduction
2024-02-09 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

24LSO-0413
2024
STATE OF WYOMING
24LSO-0413
Numbered
2.0

SENATE FILE NO. SF0085

Repeal of sales tax on electricity.

Sponsored by: Senator(s) Case and Driskill and Representative(s) Larsen, L and Walters

A BILL

for

AN ACT relating to sales tax; providing an exemption for sales of electricity that is contingent on the imposition of an alternative tax on the production of electricity; and providing for an effective date.

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

Section 1.

W.S. 39
‑
15
‑
103(a)(i)(E) and 39
‑
15
‑
105(a)(v) by creating a new subparagraph (E) are amended to read:

39
‑
15
‑
103.

Imposition.

(a)

Taxable event.

The following shall apply:

(i)

Except as provided by W.S. 39
‑
15
‑
105, there is levied an excise tax upon:

(E)

Except to the extent exempt under W.S. 39
‑
15
‑
105(a)(v)(E), t
he sales price paid to public utilities as defined in W.S. 37
‑
1
‑
101 through 37
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3
‑
114 and to persons furnishing gas, electricity or heat for domestic, industrial or commercial consumption;

39
‑
15
‑
105.

Exemptions.

(a)

The following sales or leases are exempt from the excise tax imposed by this article:

(v)

For the purpose of exempting sales of services and tangible personal property which are alternatively taxed, the following are exempt:

(E)

Sales of electricity. This exemption shall only be effective if the department of revenue determines that there is an equivalent alternative excise tax imposed on the production of electricity. For purposes of this subparagraph, an equivalent alternative excise tax shall include a tax of not less than three and one
‑
half percent (3.5%) of the annual gross energy earnings from energy produced in this state.

Section 2
.

This act is effective July 1, 2024.

(END)

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SF0085