The above summary is not an official publication of the Wyoming Legislature and is not an official
statement of legislative intent. While the Legislative Service Office endeavored to provide accurate
information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Bill No.:
LSO No.: 25LSO-0042
Enrolled Act No.:
Chapter No.:
Prime Sponsor:
Catch Title: Carbon dioxide-enhanced oil recovery stimulus.
Has Report:
Subject:
Summary/Major Elements:
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obtained in Wyoming by using carbon-capture technology for use in enhanced oil recovery
operations.
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federal tax credit (the "45Q credit"). The stimulus amount would be ten dollars ($10.00) for each ton
of carbon dioxide captured and utilized for enhanced oil recovery. The credit amount would be
adjusted or become unavailable if changes are made to the 45Q credit, and the stimulus is available
so long as the person qualifies for the 45Q credit.
•
confirming a person's eligibility for the stimulus, the State Auditor disburses funds to the person for
the stimulus.
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Account (LSRA) for initial stimulus payments. For subsequent stimulus payments, a portion of
severance tax revenues remitted from oil-and-gas production using enhanced oil recovery will be
transferred and made available. If no stimulus payments are made before July 1, 2034, the ten million
dollars ($10,000,000.00) will revert to the LSRA.
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stimulus funds paid in the previous fiscal year.
Comments: The above summary is not an official publication of the Wyoming Legislature and is not an official
statement of legislative intent. While the Legislative Service Office endeavored to provide accurate
information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
•
Committee and the Joint Minerals, Business, and Economic Development Interim Committee on
the stimulus program and amounts paid in the previous fiscal year.