The bill amends existing taxation laws related to the production of electricity from wind and solar resources in Wyoming. It introduces an excise tax on the production of electricity from both wind and solar resources, which will be applicable to any electricity produced for sale or trade starting January 1, 2024. The tax will be levied on each megawatt hour of electricity produced at the point of interconnection with an electric transmission line, and the responsibility for paying this tax falls on the producer of the electricity.

Additionally, the bill modifies compliance and reporting requirements for producers of electricity from these resources. It mandates that any person producing electricity from wind or solar resources must report the amount of megawatt hours produced by February 1 of the year following the production. The act is set to take effect on July 1, 2023, thereby establishing a framework for the taxation of solar electricity production alongside existing regulations for wind energy.

Statutes affected:
Introduced: 39-22-103, 39-22-107