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New Wyoming Law to Protect Tax Revenues From Coal Bankruptcies

Feb. 10, 2021, 1:27 AM

Wyoming Gov. Mark Gordon signed a bill Tuesday that aims to halt attempts by coal companies to use bankruptcy to avoid tax payments owed to counties.

The measure (S.F. 60) will require companies to make county ad valorem tax payments—which are assessed on the value of minerals mined in the state—on a monthly basis starting Jan. 1, 2022. The bill, approved 27-1 in the Senate on Jan. 29 and 47-13 in the House on Feb. 4, improves on a transition process that was approved initially during the 2020 legislative session, said Jerimiah Rieman, executive director...

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