All Posts Tagged With: "severance tax"

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Wyoming Senate Awaits More Information on Coal Tax Valuation Bill

Lawmakers have been working under the assumption that
the proposed change would be revenue-neutral. However,
the Wyoming Department of Revenue estimated the change would cost the state more than $14 million in lost taxes through the 2015 fiscal year.

5Mar2012 | admin | 0 comments | Continued
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Wyoming Revenue Projections Down
$100 Million

Continued lower natural gas prices could force state lawmakers to impose spending cuts on state agencies in the legislative session that starts next month, Gov. Matt Mead said Friday. Because of the lower revenue projects, lawmakers will undoubtedly push agencies to trim their existing budgets.

14Jan2012 | admin | 0 comments | Continued
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MONDAY DISPATCHES

>> Mead Advisor Warns Against Wind Taxes
>> Niobrara Shale Disappoints - So Far
>> Energy Boosts State Tax Revenues
>> Sweetwater County Debates Wind Farm Impact
>> WellDog Deal Targets Indonesia

31Oct2011 | admin | 0 comments | Continued
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State Tax Revenue Up

Wyoming also had an increase in severance tax, which is imposed on mineral companies for the removal of nonrenewable resources like oil and gas. Wyoming had a modest 11 percent gain, while other states like North Dakota and Colorado posted increases closer to 75 percent.

7Jul2011 | admin | 0 comments | Continued
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Resolving Wind Issues a Focal Point of New Legislative Session

One of the key issues legislators will consider this session is what, if any, eminent domain powers should be granted to wind developers. Last year, lawmakers passed a one-year moratorium on wind developers’ ability to condemn private land for collector power lines.

12Jan2011 | admin | 0 comments | Continued
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Editorial: Wind Tax Plan Should Include Incentives

Wyoming has a big challenge ahead: how to fairly tax the wind energy industry so a steady stream of revenue goes to the counties that host wind projects. It’s clearly a more complicated task than it was to determine the mineral severance tax system for oil, natural gas and coal.

15Oct2009 | admin | 0 comments | Continued
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Energy Companies Could Face Targets on Their Backs — and Their Tax Returns

The President’s budget proposal would raise an estimated $31.5 billion over 10 years from increased taxes on oil and gas companies. The administration essentially pledges to repeal nearly every tax benefit currently enjoyed by the oil and gas industry, plus impose a new levy on offshore oil and gas production.

11Sep2009 | admin | 0 comments | Continued
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Viewpoint: How Much is Enough?

It is discouraging to hear pundits rail against minerals while they continue to support using mineral money for constructing new schools, building new facilities at the University of Wyoming, granting money for new water and sewer systems, and funding new education scholarship programs.

9Jul2009 | admin | 0 comments | Continued