HB0121

Hydrogen production in Wyoming will be subject to severance tax starting July 1, 2026.

The bill introduces a severance tax on hydrogen production in Wyoming, effective July 1, 2026. It applies to all materials used in hydrogen production, including water, biomass, natural gas, and other fossil fuels. The tax rates vary based on the feedstock: 9% for hydrogen produced from water and 3% for hydrogen produced from other sources. Severance tax revenues will be distributed as outlined in W.S. 39-14-211. The bill also incorporates existing severance tax provisions for enforcement, taxpayer remedies, and distribution.