The bill proposes the repeal of the tax exemption for advanced nuclear reactors in Wyoming, specifically removing the provisions outlined in W.S. 39-23-105(c). This section previously stated that no tax would be imposed on advanced nuclear reactors, provided they met certain criteria regarding the sourcing of uranium. The repeal eliminates the requirement for taxpayers to demonstrate entitlement to this exemption and the annual reporting obligation for the Department of Revenue regarding exempted taxes.

The effective date for this change is set for July 1, 2026, meaning that after this date, advanced nuclear reactors will no longer benefit from the tax exemption previously granted under the now-repealed provisions. This legislative change reflects a shift in the state's approach to taxing electricity production from nuclear reactors.

Statutes affected:
26LSO-0190 v0.4: 39-23-105