Wyoming SF0017 establishes a stimulus for carbon dioxide providers using enhanced oil recovery techniques.

Wyoming SF0017 creates a stimulus for carbon dioxide providers who use carbon capture, utilization, and storage technology in enhanced oil recovery. The stimulus is ten dollars per ton of carbon dioxide used, up to a maximum of ten million dollars annually. The Wyoming Energy Authority administers the stimulus, ensuring providers meet eligibility criteria. Funds are sourced from severance taxes on crude oil and natural gas produced using enhanced oil recovery techniques. The stimulus is available until the provider no longer qualifies for the federal tax credit under 26 U.S.C. 45Q.

Wyoming SF0017 establishes a stimulus for carbon dioxide providers using enhanced oil recovery techniques.

Wyoming SF0017 creates a stimulus for carbon dioxide providers who use carbon capture, utilization, and storage technology in enhanced oil recovery. The stimulus is ten dollars per ton of carbon dioxide used, up to a maximum of ten million dollars annually. The Wyoming Energy Authority administers the stimulus, ensuring providers meet eligibility criteria. Funds are sourced from severance taxes on crude oil and natural gas produced using enhanced oil recovery techniques. The stimulus is available until the provider no longer qualifies for the federal tax credit under 26 U.S.C. 45Q.