By Tom Coulter
Wyoming Tribune Eagle Via Wyoming News Exchange 

Bill would repeal tax break for wind energy

 

November 18, 2020

Michael Cummo, Wyoming Tribune Eagle

NextEra Energy windmills spin on the Belvoir Ranch west of Cheyenne. Wyoming lawmakers advanced a bill Wednesday that would require wind energy producers to pay taxes in the first three years of new projects. With Wyoming facing a budget deficit of roughly $225 million for the current 2021-22 biennium, lawmakers saw the exemption repeal as a way to potentially generate some additional revenue for the state.

CHEYENNE - Despite opposition from some officials in Laramie County and elsewhere in the state, Wyoming lawmakers narrowly advanced a bill Wednesday that would make wind energy producers pay more in taxes in the first three years of new projects.

The legislation, which won approval on a 7-6 vote from the Joint Corporations, Elections and Political Subdivisions Interim Committee, would remove a tax exemption on electricity generation that applies to new wind energy projects in their first three years of existence. Under current law, wind energy producers are taxed $1 per megawatt hour of win...



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