WyomingWyoming agencies would report yearly on oil production tax breaks
Wyoming agencies would give lawmakers yearly figures through 2036 on oil from certified projects that qualifies for a production tax break.
What it does
Wyoming’s oil and gas commission and a state department would give lawmakers yearly figures on oil covered by a production tax break and related taxes. The listed deadlines run from 2026 through 2036.
Argument forYearly figures on oil production and taxes paid or waived could help lawmakers see how the exemption is used.
Argument againstGathering figures on wells, oil production, and several taxes each year could take staff time at the two agencies.
More detail
The Wyoming oil and gas commission and a state department would report each year to two legislative committees. Reports cover oil from projects certified after July 1, 2026, and before July 1, 2031, during their five-year tax exemption. Reports must list oil production, operators, wells, production taxes paid or waived, and property and sales taxes paid. The text sets report deadlines for November 1, 2026, and each November 1 through 2036. The act would take effect immediately if it becomes law.
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- Introduced
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- Passed 2nd Chamber
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- Became Law
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Taxes & BudgetEnvironment & Energy