State assessment of independent power producers.

This bill requires the state of Wyoming to annually value and assess property owned by independent power producers at fair market value for tax purposes. It directly affects electricity generation and transmission facilities operating for wholesale use, shifting this responsibility from local governments to the state. The key mechanism adds a new provision to tax law specifying that the state department must handle these valuations each year. The bill was scheduled to take effect on July 1, 2022, but failed committee passage in February 2022.