Back Up The Train!! Wyoming Enacts Further Changes to its Ad Valorem Taxes on Produced Minerals

On November 23, 2020, in “Liens, Taxes and Bankruptcy in Wyoming- Oh My! 2020 Changes to Ad Valorem Tax and Lien Law”, I reported on Wyoming’s attempts to change its ad valorem tax payment and reporting system for produced minerals.  The goal was to make ad valorem filings and payments simultaneous with severance tax filings […]

There is a sign near the Casper airport that reads:  “Oil and Gas Pay Most Our Taxes.”  In a State with no income tax, no franchise tax, no transfer taxes and low sales tax rates, the sign sums up a known truth:  taxes on mineral production are the primary revenue streams that fill Wyoming’s State […]