Establishes a severance tax on hydrogen production in Wyoming, with varying rates based on production method.
The bill introduces a severance tax on hydrogen production in Wyoming, with a general rate of six percent. It specifies a lower rate of three percent for hydrogen produced from by-product water. The tax applies to the gross value of hydrogen production and is in addition to other taxes. Exemptions and compliance procedures mirror those for natural gas. The tax takes effect from July 1, 2025.
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