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Senate committee backs half-point coal severance cut; senators dispute effect on production and permanent funds
Summary
The Senate Committee of the Whole recommended passage of House Bill 75, which would cut the coal severance tax by half a percentage point. Debate focused on whether the small rate change would affect production or merely transfer value to shareholders, and on impacts to the state general fund and permanent mineral funds.
The Wyoming Senate's Committee of the Whole moved a favorable recommendation on House Bill 75, a proposal to lower the coal severance tax by 0.5 percentage points. The measure was presented as a step to align the coal rate more closely with oil and gas and other minerals.
Senator Mark Barlow, one of the bill sponsors, told senators the change is intended to create a more level playing field: “We just want to make sure that we have that level playing field when it comes to severance tax,” he said, describing the proposal as the second step in a phased reduction.
The fiscal note discussed during debate projected…
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