Mineral royalties-proportional severance tax relief.

SF 84 creates refunds for Wyoming coal and oil/gas producers when federal royalty rates increase. Starting January 1, 2023, producers of coal (surface/underground) and oil/gas from federal land can apply annually for refunds equal to 75% of the increased federal royalty value they paid, after accounting for Wyoming’s share. The refund amount is capped at the producer’s total annual severance tax liability for that resource. Funds for these refunds come from a dedicated state account, with annual reporting to the legislature required.