This bill introduces a sales and use tax exemption specifically for mining equipment in Wyoming. It amends existing law by adding new subparagraphs (W) and (M) to W.S. 39-15-105(a)(viii) and W.S. 39-16-105(a)(viii), respectively. The new language defines "mining equipment" to include machinery and equipment used in surface, underground, or in-situ mining operations. Additionally, both subparagraphs include a provision that the exemption will be repealed on July 1, 2029, establishing a sunset date for this tax benefit.

The effective date for this act is set for July 1, 2025, allowing time for implementation of the new tax exemption. This legislation aims to provide economic incentives for the mining industry in Wyoming by reducing the tax burden associated with purchasing necessary equipment.

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