The bill amends existing tax law in Wyoming to provide a clearer definition and criteria for a sales tax exemption related to power and fuel sales used in pipeline transportation. Specifically, it clarifies that sales of power or fuel to individuals transporting tangible personal property by railroad or pipeline are exempt from excise tax, regardless of the ownership of the transported goods. Additionally, the bill introduces a definition of "pipeline" as a system of connected pipes and equipment used to transport hydrocarbons from a well site to a sales point, including intermediate points along the transportation path.

Furthermore, the bill mandates the Department of Revenue to create necessary rules for the implementation of these changes. The act will take effect immediately upon completion of the legislative process, with the specific provisions in Section 1 becoming effective on July 1, 2025.

Statutes affected:
Introduced: 39-15-105