This bill proposes an increase in fuel taxes in Wyoming, specifically adjusting the tax rates for gasoline, diesel, and alternative fuels. The total tax on gasoline will rise from 24 cents to 29 cents per gallon for the period from July 1, 2026, to June 30, 2027, and will increase to 34 cents per gallon thereafter. Similarly, the tax on diesel will also increase from 24 cents to 29 cents per gallon during the same initial period, with a subsequent increase to 34 cents per gallon. The bill also modifies the license tax rates for both gasoline and diesel, raising them from 23 cents to 28 cents per gallon for the initial period and adjusting them to 33 cents per gallon thereafter.

Additionally, the bill outlines changes to the deductions for fuel used in recreational vehicles, snowmobiles, and motorboats, increasing the amounts credited to accounts for these vehicles. For instance, the deduction for snowmobiles will rise from $28.75 to $35.00 for the initial period and to $41.25 thereafter. Similar increases are made for motorboats and off-road recreational vehicles. The act is set to take effect on July 1, 2026.

Statutes affected:
26LSO-0064 v0.8: 39-17-104, 39-17-111, 39-17-204, 39-17-304