Mineral royalties-proportional severance tax refunds.

Wyoming's SF 64 establishes refunds for oil, gas, and coal producers who pay severance taxes on minerals extracted from the federal mineral estate. Beginning January 1, 2025, eligible producers will receive annual refunds equal to 75% of increased federal royalty costs resulting from higher federal mineral royalty rates. The refund amount is calculated based on the producer's prior year's severance tax liability and must be claimed annually by July 1. This policy directly affects mineral producers operating on federal lands within Wyoming, providing them a partial reimbursement when federal royalty rates rise.