The bill establishes an enhanced oil recovery stimulus program in Wyoming, aimed at promoting the use of carbon dioxide in enhanced oil recovery projects. It creates a new chapter in the law, defining key terms such as "carbon dioxide provider" and "carbon capture, utilization and storage technology." The bill outlines the eligibility requirements for carbon dioxide providers to receive the stimulus, which includes capturing carbon dioxide through specified technology and using it in oil and gas recovery projects within the state. The stimulus amount is set at ten dollars per ton of carbon dioxide sold or delivered for these projects, with provisions for adjustments based on federal tax credits.

Additionally, the bill creates an enhanced oil recovery stimulus account to fund the program, with an initial appropriation of ten million dollars from the legislative stabilization reserve account. The authority responsible for administering the stimulus will ensure compliance with the requirements and report on the program's financial impacts annually. The bill also includes provisions for fund transfers and stipulates that if no funds are expended from the account by July 1, 2034, the remaining balance will revert to the legislative stabilization reserve account. The act is set to take effect on July 1, 2025.