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Governor Gordon vetoes ‘Energy production inventory exemption’

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Wyoming Governor Mark Gordon vetoed House Bill 120 on Monday, March 18. The bill would have made certain specialized energy production equipment exempt from property taxation.

“The following property is exempt from property taxation,” the bill reads. “Property that is temporarily stored in this state prior to the first installation of the property as energy production equipment in this state, if Wyoming sales or use tax is paid on the property at the rate imposed in the county where the property is stored.”

The exemption would have applied to equipment used to produce energy from natural gas, coal, oil, wind, solar, hydro and nuclear sources.

The House passed the bill on third reading in January, while the Senate passed the bill on third reading on February 25.

The full text of the vetoed bill is available here.


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