The bill amends the distribution of severance tax revenues in Wyoming, specifically altering how these funds are allocated to the highway fund. It establishes that for fiscal year 2023 through fiscal year 2025, the severance tax funds will be equally divided between the permanent Wyoming mineral trust fund and the common school account within the permanent land fund. However, starting from fiscal year 2026, all severance tax funds will be redirected to the highway fund.

Additionally, the bill repeals a provision that previously allowed for the distribution of severance tax in the general appropriations bill. The effective date for this act is set for July 1, 2025.

Statutes affected:
Introduced: 39-14-801