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Committee approves half-point cut to coal severance rate, citing competitiveness concerns
Summary
The Senate Revenue Committee voted 3–1 to reduce the coal severance tax rate from 6.5% to 6.0% in House Bill 75 after testimony from coal-industry representatives, county officials and taxpayer groups arguing the change levels the rate with oil and gas and supports mine investment.
The Senate Revenue Committee advanced House Bill 75 on a 3–1 roll-call vote, approving a reduction in the coal severance tax rate from 6.5% to 6.0% to bring coal’s rate into parity with oil and natural gas.
Representative Clauston, the bill sponsor, said the change aims to enhance Wyoming’s business climate for coal and to make the state’s coal more competitive against other fuels and out-of-state producers. “This would put coal on equal footing with what we charge oil and natural gas in the state of Wyoming,” Clauston told the committee.
Travis Detai of the Wyoming Mining Association and other industry witnesses said the coal sector bears a heavy tax burden compared with other industries and that modest tax relief helps companies reinvest in…
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