Industrial production equipment-deferral.

HB 12 provides a property tax exemption for industrial production equipment stored in Wyoming before installation. It directly affects businesses purchasing equipment for manufacturing, mining, or energy production, allowing them to defer taxes during storage at approved facilities for up to two reporting periods. Key conditions include requiring equipment to cost at least $50,000, excluding mobile machinery and raw materials, and mandating payment of sales/use tax upon removal from storage. The exemption expires July 1, 2025, and requires documentation to verify eligibility.