summary
Introduced
02/11/2026
02/11/2026
In Committee
02/23/2026
02/23/2026
Crossed Over
02/21/2026
02/21/2026
Passed
Dead
Introduced Session
2026 Budget Session
Bill Summary
AN ACT relating to taxation and revenue; providing a severance tax exemption for tertiary oil and gas production as specified; requiring reports; and providing for an effective date.
AI Summary
This bill, effective July 1, 2026, creates a new exemption from Wyoming's severance taxes for oil and gas production that qualifies as "tertiary production" from projects certified by the Wyoming Oil and Gas Conservation Commission between July 1, 2026, and July 1, 2031. Tertiary production refers to advanced methods used to extract oil and gas that might otherwise be left in the ground. This exemption will last for five years from the start of tertiary production for each qualifying project. To ensure transparency and track the impact of this tax break, the Oil and Gas Conservation Commission and the Department of Revenue are required to submit annual reports to the legislature, starting November 1, 2026, and continuing until November 1, 2036, detailing the amount of production, the number of companies and wells benefiting, the severance taxes exempted, and other related tax revenues.
Committee Categories
Business and Industry
Sponsors (6)
Reuben Tarver (R)*,
Kevin Campbell (R),
Ed Cooper (R),
Bob Davis (R),
John Kolb (R),
J.T. Larson (R),
Last Action
Senate Minerals (00:00:00 2/25/2026 Capitol Extension Room W004 & Online) (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2026/HB0128 |
| BillText | https://www.wyoleg.gov/2026/Introduced/HB0128.pdf |
| Fiscal Note | https://www.wyoleg.gov/2026/Fiscal/HB0128.pdf |
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