39-14-201. Definitions. (a) As used in this article: (i) “Arm’s-length market or sales price” means the transaction price determined in connection with a bona fide arm’s length sale; (ii) “Bona fide arm’s-length sale” means a transaction in cash or terms equivalent to cash for specified property rights after reasonable exposure in a competitive market between […]
39-14-202. Administration; confidentiality. (a) Administration. The following shall apply: (i) The department shall annually value and assess crude oil, lease condensate or natural gas production at its fair market value for taxation; (ii) Based upon the information received or procured pursuant to W.S. 39-14-207(a) or 39-14-208(a), the department shall annually value crude oil, lease condensate […]
39-14-203. Imposition. (a) Taxable event. The following shall apply: (i) There is levied a severance tax on the value of the gross product extracted for the privilege of severing or extracting crude oil, lease condensate or natural gas in the state. The tax imposed by this subsection shall be in addition to all other taxes […]
39-14-204. Tax rate. (a) Except as otherwise provided by this section and W.S. 39-14-205, the total severance tax on crude oil, lease condensate or natural gas shall be six percent (6%), comprising one and one-half percent (1.5%) imposed by the Wyoming constitution article 15, section 19 and the remaining amount imposed by Wyoming statute. The […]
39-14-205. Exemptions. (a) Stripper production is exempt from the severance taxes imposed by W.S. 39-14-204(a)(iii). (b) Repealed by Laws 2016, ch. 16, § 2. (c) Repealed by Laws 2016, ch. 16, § 2. (d) In the case of tertiary production of crude oil resulting from injection of carbon dioxide gas, all Wyoming severance taxes paid […]
39-14-206. Licenses; permits. There are no specific applicable provisions for licenses and permits for this article.
39-14-207. Compliance; collection procedures. (a) Returns and reports. The following shall apply: (i) Annually, on or before February 25 of the year following the year of production any person whose crude oil, lease condensate or natural gas production is subject to W.S. 39-14-202(a) shall sign under oath and submit a statement listing the information relative […]
39-14-208. Enforcement. (a) General. The following shall apply: (i) If the statement provided by W.S. 39-14-207(a)(i) is not filed, the department shall value the crude oil, lease condensate or natural gas production from the best information available. The department may use information other than contained in the statement provided by W.S. 39-14-207(a)(i) to determine the […]
39-14-209. Taxpayer remedies. (a) Interpretation requests. The following shall apply: (i) The taxpayer may request a value determination from the department and propose a value determination method which may be used until the department issues a value determination. The taxpayer shall submit all available data relevant to its proposal and any additional information the department […]
39-14-210. Statute of limitations. Except as otherwise provided in this article, there is no general statute of limitations for this article.
39-14-211. Distribution. (a) The state treasurer shall transfer the revenue collected from the severance tax imposed by W.S. 39-14-204(a)(i) into the permanent Wyoming mineral trust fund. The state treasurer shall transfer the revenue collected from the severance tax imposed by W.S. 39-14-204(a)(ii), (iii) and (iv) into the severance tax distribution account. (b) Repealed By Laws […]
39-14-212. Taxation of certain helium. (a) As used in this section: (i) “Helium” means helium which is a component of a natural gas stream leased by the United States to any lessee pursuant to the Mineral Leasing Act of 1920, 30 U.S.C. section 181. All other helium shall be subject to taxation pursuant to the […]
