Plain English Breakdown
The official source does not provide specific details on what happens to new wind energy producers after the effective date, leaving some uncertainty.
Repealing Wind Energy Tax Exemption
This act removes a three-year tax exemption for wind energy production in Wyoming.
What This Bill Does
- Removes the existing law that allows wind energy producers to not pay taxes for three years.
- Specifies that the removal of this exemption applies only to turbines already producing electricity before the new rule starts.
Who It Names or Affects
- Wind energy companies in Wyoming
Terms To Know
- Tax Exemption
- A law that allows certain groups to not pay taxes for a specific period.
- Effective Date
- The date when a new law starts working and becomes official.
Limits and Unknowns
- Does not specify what happens to wind energy companies that start producing electricity after the effective date.
- This bill did not pass in its current session.