Wyoming HB0029 changes severance tax distribution, depositing funds into the highway fund starting in fiscal year 2026.

Wyoming HB0029 modifies the distribution of severance tax funds, directing that for fiscal year 2026 and beyond, these funds be deposited into the highway fund. The bill also repeals provisions allowing severance tax distribution in the general appropriations bill. Effective July 1, 2025, it mandates that two-thirds of the severance tax collected be deposited into the highway fund.

Wyoming HB0029 changes severance tax distribution, depositing funds into the highway fund starting in fiscal year 2026.

Wyoming HB0029 modifies the distribution of severance tax funds, directing that for fiscal year 2026 and beyond, these funds be deposited into the highway fund. The bill also repeals provisions allowing severance tax distribution in the general appropriations bill. Effective July 1, 2025, it mandates that two-thirds of the severance tax collected be deposited into the highway fund.