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HB0029 • 2025

Severance tax distribution-highway fund.

AN ACT relating to taxation and revenue; changing the distribution of severance tax to the highway fund; repealing a provision allowing for the distribution of severance tax in the general appropriations bill; and providing for an effective date.

Budget Energy Land Taxes
Inactive

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

Sponsor
Transportation
Last action
2025-03-03
Official status
inactive
Effective date
3/1/2025

Plain English Breakdown

The bill's inactive status means it will not be enacted in its current form during the current session.

Severance Tax for Highway Fund

The bill changes the distribution of severance tax to the highway fund starting in fiscal year 2026 and removes a provision allowing for annual decisions on this tax's allocation.

What This Bill Does

  • Changes the way severance tax money is distributed so that two-thirds of it goes into the highway fund starting from fiscal year 2026.
  • Repeals a part of the law that allowed for the distribution of severance tax to be decided each year by the general appropriations bill.

Who It Names or Affects

  • The state government, especially those managing highway funding and mineral resources.

Terms To Know

Severance tax
A tax collected on the extraction of natural resources like oil or gas.
Highway fund
Money set aside to build and maintain roads and highways.

Limits and Unknowns

  • The bill is marked as inactive, meaning it will not move forward in the current session.
  • It only affects fiscal years starting from 2026 onwards.

Bill History

  1. 2025-03-03 House

    H:Died in Committee Returned Bill Pursuant to HR 5-4

  2. 2025-02-10 House

    H No report prior to CoW Cutoff

  3. 2025-01-16 House

    H08 - Transportation:Do Pass Failed 2-7-0-0-0

  4. 2025-01-14 House

    H Introduced and Referred to H08 - Transportation

  5. 2025-01-02 House

    H Received for Introduction

  6. 2024-12-10 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
25LSO-0258
2025
STATE OF WYOMING
25LSO-0258
Introduced
2.0

HOUSE BILL NO. HB0029

Severance tax distribution-highway fund.

Sponsored by: Joint Transportation, Highways & Military Affairs Interim Committee

A BILL

for

AN ACT relating to taxation and revenue; changing the distribution of severance tax to the highway fund; repealing a provision allowing for the distribution of severance tax in the general appropriations bill; and providing for an effective date.

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

Section 1.

W.S. 39
‑
14
‑
801(b)(v) and by creating a new paragraph (vii) is amended to read:

39
‑
14
‑
801.

Severance tax distributions; distribution account created; formula.

(b)

Before making distributions from the severance tax distribution account under subsections (c) through (e) of this section, an amount equal to two
‑
thirds (2/3) of the amount of tax collected under W.S. 39
‑
14
‑
104(a)(i) and (b)(i) and 39
‑
14
‑
204(a)(i) for the same period shall be deposited as follows:

(v)

For fiscal year

2023 through fiscal year
2028
2025,
these funds shall be deposited equally to the permanent Wyoming mineral trust fund and to the common school account within the permanent land fund;

(vii)

For fiscal year 2026 and thereafter, these funds shall be deposited to the highway fund.

Section 2.

W.S. 39
‑
14
‑
801(b)(vi) and (f) is repealed.

Section 3.

This act is effective July 1, 2025.

(END)

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HB0029