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Appropriations committee backs two‑year Energy Dominance Fund to reinvest severance tax in major projects
Summary
Senate File 123 would create a Wyoming Energy Dominance Fund administered by the Wyoming Energy Authority, seeded by a temporary intercept of 1% of mineral severance tax with a required 1:1 match; the committee adopted an amendment to credit investment earnings back to the fund and reported the bill 5‑0.
The Senate Appropriations Committee voted 5‑0 to report Senate File 123, establishing a short‑term Wyoming Energy Dominance Fund intended to seed large, capital‑intensive energy projects via a 1:1 industry match and a temporary intercept of 1% of the mineral severance tax.
Program design and purpose: The sponsor said the fund is aimed at accelerating one‑time projects in oil, gas, coal, uranium and critical minerals that require large upfront capital and…
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