Wyoming Legislature Passes Second Coal Tax Cut in Two Years, Sacrificing $20 Million Annually to Subsidize Declining Industry

Wyoming lawmakers pass House Bill 75, reducing the coal severance tax rate from 6.5% to 6%, marking the second consecutive tax cut for coal producers in two years. In 2022, the Legislature reduced the severance tax from 7% to 6.5%, together costing the state approximately $20 million in annual …