Bill > SF0038

This bill clarifies and modifies the reporting and payment of ad valorem (property) taxes on mineral production in Wyoming. It requires mineral producers to report ad valorem taxes to the Department of Revenue on a monthly basis, which will then invoice the producers. The bill also changes the payment deadlines and provides a process for deferred tax payments from 2020 and 2021 production. Additionally, the bill appropriates $3 million from the legislative stabilization reserve account to provide loans to counties to cover funding shortfalls caused by the transition to the new monthly payment system.