Energy bills aim to spur in-state manufacturing and tax new hydrogen production
Get AI-powered insights, summaries, and transcripts
Subscribe
Summary
Lawmakers introduced House Bill 120 to reclassify energy products and create expedited permitting in sovereign zones to develop high-value products from natural gas; a companion bill (HB121) would tax hydrogen production at differentiated rates.
Representative Campbell presented House Bill 120, the Energy Product Reclassification and Sovereignty Act, saying the measure aims to transform Wyoming from a raw natural-gas exporter to a producer of higher-value energy products (for example, hydrogen and fertilizers) by providing expedited licensing and permitting in designated sovereign zones.
"This bill's goal is to create long term economic growth through creating new manufacturing opportunities for the state," Campbell said, emphasizing local manufacturing of value-added products and marketing tied to low methane emissions. Campbell also flagged a companion fiscal measure, House Bill 121, proposing a severance-style tax on hydrogen production with two distinct rates — 9% for water-based hydrogen and 3% for hydrogen produced from fossil feedstocks — to reflect water value and environmental considerations.
Supporters described the bills as pro-growth, with expedited permitting reducing regulatory delays; opponents asked for clarity on how the taxation of a value-added product would interact with existing severance taxes on natural gas feedstocks. House Bill 120 was introduced by roll call and assigned to committee number 9 (Minerals); House Bill 121 was likewise introduced and referred to committee 9.
Provenance: Sponsor remarks and vote records are recorded in the House transcript for Feb. 10.