Wyoming Statutes
§ 39-13-112 — Property taxation of certain helium
(a)As used in this section:
(i)"Helium" means helium which is a component of a
natural gas stream leased by the United States to any lessee
pursuant to the Mineral Leasing Act of 1920, 30 U.S.C. section
181. All other helium shall be subject to ad valorem taxation
pursuant to the provisions of this chapter;
(ii)All other definitions in W.S. 39-13-101 and
39-14-201 are incorporated herein by reference to the extent
that they may apply.
(b)Administration; confidentiality: The department shall
annually value and assess helium production at its fair market
value for taxation in accordance with the applicable provisions
of W.S. 39-13-102.
(c)Taxable event: There is levied an ad valorem tax on
the value of the gross product produced, as provided in article
15, section 3 of the Wyoming const
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Related
§ 181
30 U.S.C. § 181
Nearby Sections
13
§ 39-13-101
Definitions§ 39-13-102
Administration; confidentiality§ 39-13-103
Imposition§ 39-13-104
Taxation rate§ 39-13-105
Exemptions§ 39-13-106
Licenses; permits§ 39-13-107
Compliance; collection procedures§ 39-13-108
Enforcement§ 39-13-109
Taxpayer remedies§ 39-13-110
Statute of limitations§ 39-13-111
Distribution§ 39-13-112
Property taxation of certain helium§ 39-13-113
(e) Repealed by Laws 1989, ch. 260, § 3