Bill > HB0319

This bill creates a sales and use tax exemption for mining equipment in Wyoming, effective July 1, 2025, and lasting until July 1, 2029. The legislation defines "mining equipment" broadly as machinery and equipment used in surface, underground, and in-situ mining operations, which means the equipment can be used for different types of mining methods, including extracting minerals from beneath the earth's surface without traditional excavation. By amending two sections of Wyoming statutes (39-15-105 and 39-16-105), the bill provides a tax exemption for businesses purchasing mining equipment, which is intended to serve as an economic incentive for the mining industry. The exemption will automatically expire on July 1, 2029, unless the legislature chooses to renew or extend it, ensuring that the tax benefit is time-limited and allows for future policy reassessment.

https://www.wyoleg.gov/Legislation/2025/HB0319