HB0029

Failed

Severance tax distribution-highway fund.

Redirect severance tax revenue to the highway fund instead of allowing distribution through the general appropriations bill.

Full legal title

AN ACT relating to taxation and revenue; changing the distribution of severance tax to the highway fund; repealing a provision allowing for the distribution of severance tax in the general appropriations bill; and providing for an effective date.

Budget Energy Taxes Transportation

Sponsor:

View on wyoleg.gov Introduced Text (PDF)Digest (PDF)Fiscal Note (PDF)

What does this bill do?

Changes the distribution of severance tax revenues to direct funds to the highway fund beginning in fiscal year 2026 and eliminates a provision allowing discretionary severance tax distribution through the general appropriations bill.

Modifies the severance tax distribution formula to deposit two-thirds of severance tax collected to the permanent Wyoming mineral trust fund and common school account through fiscal year 2025. (W.S. 39-14-801(b)(v), Sec. 1)
Establishes that beginning in fiscal year 2026 and thereafter, two-thirds of severance tax revenues shall be deposited to the highway fund instead of being split between the mineral trust fund and common school account. (W.S. 39-14-801(b)(vii), Sec. 1)
Repeals W.S. 39-14-801(b)(vi) and subsection (f), which previously allowed for discretionary distribution of severance tax through the general appropriations bill. (W.S. 39-14-801(b)(vi), W.S. 39-14-801(f), Sec. 2)

Effective: July 1, 2025

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Actions (6)

3/3/2025(House)

H:Died in Committee Returned Bill Pursuant to HR 5-4

2/10/2025(House)

H No report prior to CoW Cutoff

1/16/2025(House)

H08 - Transportation:Do Pass Failed 2-7-0-0-0

1/14/2025(House)

H Introduced and Referred to H08 - Transportation

1/2/2025(House)