The bill proposes a reduction in the severance tax rate for surface coal in Wyoming, changing the total rate from six and one-half percent (6.5%) to six percent (6%). This adjustment includes a decrease in the statutory portion of the tax from five percent (5%) to four and one-half percent (4.5%). Additionally, the bill modifies the distribution of the severance tax by changing the rate from one and one-half percent (1.5%) to one percent (1%) for a specific portion of the tax.

The effective date for this new legislation is set for July 1, 2025. The bill aims to make conforming changes to existing laws regarding the severance tax, ensuring that the new rates are properly integrated into the current legal framework.

Statutes affected:
Introduced: 39-14-104, 39-14-111