Senate Passes Helium Tax

Cheyenne, WY – The state Senate has passed a bill that would tax helium extracted from the ground in Wyoming.

Governor Freudenthal endorsed the bill in his state of the state address at the beginning of the session and is expected to sign it into law.

The bill would impose a six percent severance tax on helium extracted from the ground and could bring in more than $2 million in additional annual tax revenues for the state.

Helium is currently the only extracted mineral commodity that Wyoming does not tax.