2025 25LSO-0044
STATE OF WYOMING Working Draft
0.7
DRAFT ONLY
NOT APPROVED FOR
INTRODUCTION
HOUSE BILL NO.
Industrial production equipment-deferral.
Sponsored by: Joint Minerals, Business & Economic Development Interim Committee
A BILL
for
1 AN ACT relating to taxation and revenue; providing an ad
2 valorem tax deferral for the storage of industrial
3 production equipment in the state; specifying conditions
4 and requirements for the deferral; providing definitions;
5 and providing for an effective date.
6
7 Be It Enacted by the Legislature of the State of Wyoming:
8
9 Section 1. W.S. 39-11-105(a) by creating a new
10 paragraph (xlvi) and by creating a new subsection (c) is
11 amended to read:
12
1 [Bill Number]
 2025 STATE OF WYOMING 25LSO-0044
Working Draft
0.7
1 39-11-105. Exemptions.
2
3 (a) The following property is exempt from property
4 taxation:
5
6 (xlvi) Property that is stored by the purchaser
7 in this state before the first installation of the property
8 as industrial production equipment in this state, in
9 accordance with the conditions and requirements of
10 subsection (c) of this section.
11
12 (c) Industrial production equipment that is stored in
13 this state before the first installation of the property in
14 this state shall be exempt from property taxation during
15 the storage or inventory period for a period not to exceed
16 two (2) reporting periods, in accordance with the
17 following:
18
19 (i) As used in this subsection:
20
21 (A) "Commercial storage facility" means a
22 facility operated by a person who is not the taxpayer where
23 industrial production equipment is temporarily stored
2 [Bill Number]
 2025 STATE OF WYOMING 25LSO-0044
Working Draft
0.7
1 before installation and that has been approved by the
2 department;
3
4 (B) "Industrial production" means any of the
5 following:
6
7 (I) Manufacturing, milling, converting,
8 producing, processing or fabricating materials;
9
10 (II) The extraction or processing of
11 minerals;
12
13 (III) The mechanical, chemical or
14 electronic transformation of property into energy or new
15 products.
16
17 (C) "Industrial production equipment" means
18 any equipment designed specifically for use in industrial
19 production or energy production, including pipes necessary
20 for pipelines used for the transportation of minerals and
21 excluding mobile machinery;
22
3 [Bill Number]
 2025 STATE OF WYOMING 25LSO-0044
Working Draft
0.7
1 (D) "Mobile machinery" means any equipment,
2 machinery or vehicle that can move from place to place
3 under its own power or that can be moved, transported or
4 towed from place to place, including equipment, machinery
5 or vehicles that are used to transport industrial
6 production equipment.
7
8 (ii) To qualify for the exemption under this
9 subsection, Wyoming sales or use tax shall be paid on the
10 property upon removal of the property from the commercial
11 storage facility;
12
13 (iii) The county assessor or the department may
14 require any documentation necessary to verify that the
15 industrial production equipment is eligible for the
16 exemption under this subsection;
17
18 (iv) To qualify for the exemption, the industrial
19 production equipment shall be temporarily stored or placed
20 in inventory at a commercial storage facility that has been
21 approved by the department;
22
4 [Bill Number]
 2025 STATE OF WYOMING 25LSO-0044
Working Draft
0.7
1 (v) Industrial production equipment that
2 qualifies for the exemption under this section may remain
3 eligible for the exemption under this subsection if the
4 equipment remains in temporary storage or inventory at a
5 commercial storage facility, provided that the purchaser
6 does not install or fix the equipment for use in industrial
7 production;
8
9 (vi) The exemption under this subsection shall
10 not apply to:
11
12 (A) Industrial production equipment with a
13 sales price of less than fifty thousand dollars
14 ($50,000.00);
15
16 (B) Mobile machinery;
17
18 (C) Raw materials used in industrial
19 production.
20
21 (vii) The department shall promulgate rules for
22 the application of the exemption under this subsection,
23 including rules to:
5 [Bill Number]
 2025 STATE OF WYOMING 25LSO-0044
Working Draft
0.7
1
2 (A) Require taxpayers to notify the
3 department and the county assessor, as applicable, of the
4 purchase, storage and installation of qualifying industrial
5 production equipment;
6
7 (B) Specify the requirements and
8 qualifications for a facility or location to qualify as a
9 commercial storage facility.
10
11 Section 2. This act is effective July 1, 2025.
12
13 (END)
6 [Bill Number]


Statutes affected:
25LSO-0044 v0.7: 39-11-105