This bill amends existing sales and use tax laws in Wyoming to provide a sales and use tax exemption specifically for purchases of mining equipment. The new legal language creates exemptions under W.S. 39-15-105(a)(viii) and 39-16-105(a)(viii), designating purchases of mining equipment as exempt from excise tax. The definition of "mining equipment" is clarified to include equipment and machinery used in surface, underground, or in-situ mining operations.

Additionally, the bill includes a sunset provision, stating that the exemption will be repealed on July 1, 2029. The effective date for this act is set for July 1, 2025. This legislation aims to provide economic incentives for the mining industry in Wyoming by reducing the tax burden associated with acquiring necessary equipment.

Statutes affected:
Introduced: 39-15-105, 39-16-105