Ad valorem taxes

Back Up The Train!! Wyoming Enacts Further Changes to its Ad Valorem Taxes on Produced Minerals

Feb 17, 2021 | Tax

On November 23, 2020, in “Liens, Taxes and Bankruptcy in Wyoming- Oh My! 2020 Changes to Ad Valorem Tax and Lien Law”, I reported on Wyoming’s attempts to change its ad valorem tax payment and reporting system for produced minerals. The goal was to make ad valorem...

Liens, Taxes and Bankruptcy in Wyoming – Oh My! 2020 Changes to Ad Valorem Tax and Lien Law

Nov 23, 2020 | Oil and Gas Taxation, Tax

There is a sign near the Casper airport that reads: “Oil and Gas Pay Most Our Taxes.” In a State with no income tax, no franchise tax, no transfer taxes and low sales tax rates, the sign sums up a known truth: taxes on mineral production are the primary revenue...