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Minerals committee approves cut to coal severance tax, moves HB75 to House floor
Summary
The Minerals, Business & Economic Development Committee voted to lower Wyoming's surface coal severance tax from 6.5% to 6%, passing House Bill 75 after testimony from industry groups, county officials and business advocates.
The Minerals, Business & Economic Development Committee on Monday voted to approve House Bill 75, a one‑page measure that reduces the severance tax on surface coal from 6.5% to 6%, and sent the bill to the House floor.
The change would bring the coal severance rate into parity with oil and gas, supporters said, and is projected in the bill's fiscal note to reduce general revenues by about $9.7 million in the first year with an estimated decline of roughly $1 million a year thereafter as production falls.
Ken Clauston, the bill sponsor and the House representative for District 32, told the committee the proposal is meant to “make it fair” between coal and oil and gas and to encourage reinvestment by coal companies. "Decreasing this tax from…
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