The bill amends existing tax laws related to electricity production in Wyoming, expanding the scope of the tax to include electricity generated from solar and nuclear resources, in addition to wind. Specifically, it introduces new definitions, such as "generating facility," which encompasses facilities producing electricity from wind, solar, and nuclear sources. The excise tax will now be levied on the production of electricity from these resources, with the tax imposed on each megawatt hour produced at the point of interconnection with an electric transmission line. The bill also repeals the existing tax on electricity produced from nuclear reactors.

Additionally, the bill establishes a three-year tax exemption for electricity produced by the generating facility, starting from the date it first produces electricity for sale. It mandates that producers report their megawatt hour output by February 1 of the following year. The new provisions will take effect on January 1, 2027, allowing time for compliance and adjustment to the new tax structure.

Statutes affected:
Introduced: 39-22-101, 39-22-103, 39-22-105, 39-22-107, 39-23-101, 39-23-111