HB0319 Mining equipment sales and use tax exemption.

Plain English Breakdown

The official source does not provide a summary text, so the content relies on the provided candidate explanation and the bill text.

Mining Equipment Sales and Use Tax Exemption

The bill proposes to exempt purchases of mining equipment from sales and use taxes in Wyoming until July 1, 2029.

What This Bill Does

Exempts purchases of mining equipment from sales tax.

Defines 'mining equipment' as machinery used for surface, underground, or in-situ mining operations.

Sets the exemption to end on July 1, 2029.

Who It Names or Affects

Mining companies and individuals purchasing mining equipment in Wyoming.

Terms To Know

mining equipment

Equipment and machinery used for surface, underground, or in-situ mining operations.

Limits and Unknowns

The bill did not pass and was not considered for introduction.

It is unclear how many mining companies will benefit from this exemption.

Current Bill Text

Read the full stored bill text

25LSO-0217
2025
STATE OF WYOMING
25LSO-0217
Numbered
2.0

HOUSE BILL NO. HB0319

Mining equipment sales and use tax exemption.

Sponsored by: Representative(s) Knapp, Angelos, Clouston and Larson, JT and Senator(s) Dockstader

A BILL

for

AN ACT relating to sales and use tax; providing a sales and use tax exemption for mining equipment; providing a sunset date; and providing for an effective date.

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

Section 1.

W.S. 39
‑
15
‑
105(a)(viii) by creating a new subparagraph (W) and 39
‑
16
‑
105(a)(viii) by creating a new subparagraph (M) are amended to read:

39
‑
15
‑
105.

Exemptions.

(a)

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

(viii)

For the purpose of exempting sales of services and tangible personal property as an economic incentive, the following are exempt:

(W)

Purchases of mining equipment. The following shall apply:

(I)

As used in this subparagraph, "mining equipment" shall include equipment and machinery that is sold for use in surface, underground or in
‑
situ mining operations;

(II)

This subparagraph is repealed July 1, 2029.

39
‑
16
‑
105.

Exemptions.

(a)

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

(viii)

For the purpose of exempting sales of services and tangible personal property as an economic incentive, the following are exempt:

(M)

Purchases of mining equipment. The following shall apply:

(I)

As used in this subparagraph, "mining equipment" shall include equipment and machinery that is purchased for use in surface, underground or in
‑
situ mining operations;

(II)

This subparagraph is repealed July 1, 2029.

Section 2
.

This act is effective July 1, 2025
.

(END)

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HB0319