The bill proposes the repeal of the three-year tax exemption on wind energy production previously established in W.S. 39-22-105(b). This repeal means that the tax exemption will no longer be available for new wind energy projects starting after the effective date of the act. However, the bill specifies that the exemption will still apply to any wind turbine that began producing electricity for sale before the act's effective date, ensuring that existing projects are not retroactively affected.

The act is set to take effect immediately upon the completion of all necessary legislative procedures as outlined in the Wyoming Constitution. This swift implementation underscores the legislature's intent to modify the tax framework for wind energy production without delay.

Statutes affected:
Introduced: 39-22-105