This bill repeals the existing moratorium exemption on the tax imposed on the production of electricity from wind resources. Specifically, it removes the exemption previously outlined in W.S. 39-22-105(b), which allowed certain wind-produced electricity to be tax-exempt. As a result, the tax will now apply to all electricity generated from wind resources starting from the effective date of the act, including those that had previously qualified for the moratorium exemption.

The bill establishes that the new tax regulations will take effect on July 1, 2024. This change aims to ensure that all electricity produced from wind resources is subject to taxation, thereby eliminating any prior exemptions that may have been in place.

Statutes affected:
Introduced: 39-22-105