Bill > HB0029

This bill modifies the distribution of severance tax revenues in Wyoming, specifically changing how tax revenues from mineral extraction are allocated. Currently, from fiscal years 2023 through 2025, severance tax funds are deposited equally between the permanent Wyoming mineral trust fund and the common school account. Starting in fiscal year 2026, the bill redirects these funds to be deposited entirely into the highway fund, which will provide additional financial support for transportation infrastructure and road maintenance. The bill also repeals a previous provision that allowed for severance tax distribution through the general appropriations bill, streamlining the allocation process. The changes will take effect on July 1, 2025, giving state agencies and financial planners time to prepare for the new funding mechanism. The severance tax is a tax levied on the extraction of natural resources like minerals, and this bill represents a strategic shift in how Wyoming uses the revenue generated from its natural resource industries.

Transportation and Infrastructure

Transportation, Highways and Military Affairs (Joint)

https://www.wyoleg.gov/Legislation/2025/HB0029