The bill proposes the repeal of the three-year tax exemption on energy production from wind resources, specifically removing the provision found in W.S. 39-22-105(b). This change means that any turbines that began producing electricity for sale prior to the effective date of the act will still be subject to the tax exemption as previously outlined, but no new exemptions will be granted moving forward.

The act is set to take effect immediately upon the completion of all necessary legislative procedures as stipulated by the Wyoming Constitution. This swift implementation underscores the urgency of the legislative intent to modify the tax structure related to wind energy production in the state.

Statutes affected:
Introduced: 39-22-105