Wyoming Internet Access Agreement
Description
How to fill out Internet Access Agreement?
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FAQ
Severance tax is a state tax imposed on the extraction of non-renewable natural resources that are intended for consumption in other states. These natural resources include such as crude oil, condensate and natural gas, coalbed methane, timber, uranium, and carbon dioxide.
Severance taxes are most commonly imposed in oil producing states within the United States. Resources that typically incur severance taxes when extracted include oil, natural gas, coal, uranium, and timber. Some jurisdictions use other terms like gross production tax.
Minerals are assessed at 100% of their fair market value. the severance tax on surface coal is 6.5%, and the severance tax on oil & natural gas is 6% of fair market value.
By statute and case law, mineral properties are taxable as real property and are subject to the same laws and appraisal methodology as all real property in the state.
Wyoming's award will fund the Connect Wyoming grant program, a competitive grant program designed to fund last mile broadband infrastructure projects in areas throughout the state that currently lack access to internet at speeds of 100/20 Mbps to facilitate access to work, education, and health monitoring.
Minerals are assessed at 100% of their fair market value. the severance tax on surface coal is 6.5%, and the severance tax on oil & natural gas is 6% of fair market value.