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WY HB0252

Wind tax exemption-repeal.


summary

Introduced
In Committee
Crossed Over
Passed
Dead
02/03/2025

Introduced Session

2025 General Session

Bill Summary

AN ACT relating to the tax on production of energy from wind resources; repealing the three (3) year tax exemption on wind energy production; specifying applicability; and providing for an effective date.

AI Summary

This bill repeals the existing three-year tax exemption for wind energy production in Wyoming, specifically targeting W.S. 39-22-105(b). However, the bill includes a grandfather clause that allows wind turbines which were already producing electricity for sale before the bill's effective date to still receive the three-year tax exemption under the original terms of the repealed law. In practical terms, this means that new wind energy projects will no longer be eligible for the tax exemption, while existing wind turbines in operation prior to the bill's enactment can still benefit from the tax break for their initial three-year period. The legislation is designed to immediately take effect upon completing the standard legislative process as outlined in the Wyoming Constitution, signaling a shift in the state's approach to tax incentives for wind energy production.

Sponsors (19)

Last Action

Did not Consider for Introduction (on 02/03/2025)

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