The bill amends the distribution of severance tax revenues in Wyoming, specifically altering how these funds are allocated to the highway fund. It modifies the existing law by changing the fiscal year for certain distributions from 2028 to 2025, and introduces a new provision that mandates that starting from fiscal year 2026, severance tax funds will be directed to the highway fund. This change aims to ensure that a portion of the severance tax revenue is consistently available for highway maintenance and improvements.

Additionally, the bill repeals a previous provision that allowed for the distribution of severance tax in the general appropriations bill, streamlining the allocation process. The effective date for these changes is set for July 1, 2025, allowing for a transition period before the new distribution framework is implemented.

Statutes affected:
Introduced: 39-14-801