Wyoming Coal Tax Rate Unchanged

The bill that would have lowered the severance tax rate that coal producers pay in Wyoming was shot down in a legislative committee last week. The bill would have dropped the state’s severance tax rate on coal from 7 to 6%. Those who introduced the bill argued that the changes would put Wyoming’s coal producers on an equal regulatory footing as the oil and gas producers in the state. Opponents of the bill argued that natural resource royalties have fallen too much recently in Wyoming to cut them any further. Estimates are that these changes would have cost the state approximately $28 million in revenue during the next fiscal year.

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