§ 39-14-504 — Tax rate

(a) Except as provided in subsections (b) and (c) of this
section, the total severance tax rate for uranium shall be four
percent (4%). The tax shall be distributed as provided in W.S.
39-14-511 and is imposed as follows:
(i) Two percent (2%); plus
(ii) Two percent (2%).
(b) The severance tax imposed under subsection (a) of this
section shall not apply to any uranium production occurring
after December 31, 2020, and before January 1, 2026. For the
period of time prescribed under this subsection, there is levied
a severance tax at the rates specified in subsection (c) of this
section. The severance tax shall be levied on the value of the
gross product extracted each month for which the spot market
price per pound of nonenriched uranium concentrate (U3O8) is at
least thirty dollars ($30.00) as determined by an average of the
following international indexes or their successors quoting the
monthly price of nonenriched uranium concentrate (U3O8):
(i) NUEXCO from TradeTech;
(ii) Ux U3O8 spot price.
(c) The uranium spot market price used in the table in
this subsection is the price per pound of nonenriched uranium
concentrate (U3O8). The value of uranium for purposes of the
severance tax in subsection (b) of this section shall be
determined in accordance with the following table:
Uranium Spot Market Price Tax Applied
Less than $30.00 0%
$30.00 to $36.67 1%
$36.68 to $43.34 2%
$43.35 to $50.00 3%
$50.01 to $60.00 4%
$60.01 or more 5%
(d) Subsections (b) through (e) of this section are
repealed effective December 31, 2026.
(e) No taxpayer shall qualify for the severance tax rate
imposed under subsections (b) and (c) of this section unless the
county treasurer annually certifies to the department that the
taxpayer does not have any unpaid delinquent ad valorem tax in
the county from within which the uranium was severed or
extracted.