This bill amends existing sales tax laws in Wyoming to establish specific provisions for the taxation and reporting of sales related to "very large electrical loads," defined as electrical loads of not less than 100 megawatts for a single purchaser. The bill introduces new reporting requirements for vendors selling electricity to serve these large loads, mandating that all sales related to such loads be reported separately. Additionally, it creates a new local government distribution account where all revenues collected from these sales will be deposited, with the funds to be distributed to cities, towns, and counties as determined by the legislature.

Furthermore, the bill modifies the distribution of revenues collected under certain tax codes, ensuring that revenues from very large electrical loads are allocated to the newly created local government distribution account. It specifies that these provisions will only apply to taxes imposed or continued by voter approval on or after July 1, 2026, and establishes an effective date for the act as July 1, 2026. The bill also includes amendments to existing sections of the law to accommodate these changes, including the deletion of certain subsections and the insertion of new definitions and requirements.

Statutes affected:
Introduced: 39-15-101, 39-15-107, 39-15-111, 39-15-211