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Committee advances severance‑tax reduction for CO2 EOR projects after split vote
Summary
The Senate Minerals, Business & Economic Development Committee advanced Senate File 18, a proposal to reduce severance tax for CO2‑based enhanced oil recovery projects in Wyoming, on a 4‑1 vote.
The Senate Minerals, Business & Economic Development Committee advanced Senate File 18 by roll call, a bill that would provide a severance‑tax reduction intended to lower costs for enhanced oil recovery (EOR) projects that use CO2 produced in Wyoming. The committee approved the bill 4‑1; Senator Rothfuss cast the lone no vote.
Supporters described Senate File 18 as a straightforward way to reduce the state tax burden on EOR projects and help cover the large upfront costs for field work and pipeline infrastructure. A sponsor said the bill is “pretty much that simple,” describing it as a…
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