Wind tax moratorium exemption-repeal.

Plain English Breakdown

The official source does not provide specific details on how many wind energy producers will be affected by this change.

Wind Tax Moratorium Exemption Repeal

A bill that removes a tax exemption for electricity produced from wind in Wyoming.

What This Bill Does

• Removes the moratorium exemption on taxes for electricity produced from wind resources.
• Applies the tax to all future and past wind-generated electricity, including those that benefited from the previous exemption.

Who It Names or Affects

• Wind energy producers in Wyoming who currently benefit from or will benefit from the moratorium exemption on taxes for wind-produced electricity.

Terms To Know

Moratorium

A temporary suspension of an activity, such as a tax exemption.

Effective Date

The date when the law begins to be enforced or applied.

Limits and Unknowns

• The bill did not pass and was introduced but failed on February 16, 2024.
• It is unclear how many wind energy producers will be affected by this change.

Current Bill Text

24LSO-0547
2024
STATE OF WYOMING
24LSO-0547
Numbered
2.0

SENATE FILE NO. SF0116

Wind tax moratorium exemption-repeal.

Sponsored by: Senator(s) Jones, Biteman, Brennan, Cooper, Furphy, Hutchings, Ide, Kolb, McKeown, Salazar and Steinmetz and Representative(s) Larson, JT, Niemiec and Wylie

A BILL

for

AN ACT relating to taxation and revenue; repealing the moratorium exemption on the tax upon the production of electricity from wind; 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W.S. 39-22-105(b) is repealed.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 tax on the production of electricity from wind resources shall apply to all electricity produced from wind resources on and after the effective date of this act, including to the production of electricity produced from wind resources that qualified for and received the moratorium exemption in W.S. 39-22-105(b), as repealed by section 1 of this act, before the effective date of this act.

Section 3
.

This act is effective July 1, 2024
.

(END)

1
SF0116