SF0076

Establishes a separate tax distribution account for sales tax revenue from very large electrical loads and directs that revenue to local governments.

• Defines 'very large electrical load' as an electrical load of at least 100 megawatts for a single purchaser or customer. (W.S. 39-15-101(a)(xlviii))
• Requires vendors selling electricity to very large electrical loads to report sales related to those loads separately on their monthly tax returns. (W.S. 39-15-107(a)(i), Sec. 1)
• Creates a local government distribution account and directs all revenue collected under W.S. 39-15-104 related to very large electrical loads to be deposited into this account. (W.S. 39-15-111(b)(s))
• Requires the state treasurer to invest funds in the local government distribution account and deposit all investment earnings back into the account. (W.S. 39-15-111(b)(s))
• Directs the legislature to determine how funds in the local government distribution account will be distributed directly to cities, towns, and counties. (W.S. 39-15-111(b)(s))
• Routes revenue collected under certain sales tax categories (W.S. 39-15-204(a)(i) and (a)(vii)) that is related to very large electrical loads into the local government distribution account instead of following standard distribution procedures. (W.S. 39-15-211(e))
• Limits the application of the new distribution rule to taxes imposed or continued by voter approval on or after July 1, 2026; taxes approved before that date remain subject to standard distribution until continued by voter approval. (Sec. 2)

Effective: July 1, 2026

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