Hydrogen severance tax.

HB 208 proposes a severance tax on hydrogen production in Wyoming, directly affecting companies extracting hydrogen from groundwater. The bill imposes a 3% tax on hydrogen from by-product water (as defined in existing law) and a 6% tax on all other hydrogen production, collected annually based on fair market value. It incorporates existing natural gas tax administration procedures for collection, enforcement, and distribution of revenues. The tax would apply to all hydrogen production in Wyoming starting July 1, 2024, if enacted. Note: The bill failed introduction on February 14, 2024, and did not advance.