W.S. § 39-14-212 — Taxation of certain helium

(a) As used in this section:
(i) "Helium" means helium which is a component of a
natural gas stream leased by the United States to any lessee
pursuant to the Mineral Leasing Act of 1920, 30 U.S.C. section
181. All other helium shall be subject to taxation pursuant to
the provisions of this article;
(ii) "Present and continuing privilege of removing,
extracting, severing or producing" means the right to physically
separate the helium, by itself, or as a component of the gas
stream, from the ground;
(iii) All other definitions in W.S. 39-14-201 are
incorporated herein by reference to the extent that they may
apply.
(b) Administration; confidentiality: The department shall
annually value and assess helium production at its fair market
value for taxation in accordance with the applicable provisions
of W.S. 39-14-202.
(c) Taxable event: There is levied a severance tax on the
value of the gross product extracted for the present and
continuing privilege of removing, extracting, severing or
producing helium in this state. The tax imposed by this
subsection shall be in addition to all other taxes imposed by
law.
(d) Basis of tax: Helium shall be valued for taxation as
natural gas as provided in W.S. 39-14-203(b).
(e) Taxpayer: Any person removing, extracting, or
severing helium from the ground; or, to the extent of his
interest ownership, any person owning an interest in the helium,
is liable for the payment of the severance taxes together with
any penalties and interest, provided however, that helium shall
be subject to the severance tax only once.
(f) Tax rate: Helium shall be subject to the severance
tax rate for natural gas as provided in W.S. 39-14-204.
(g) Exemptions: The exemptions from taxation provided by
W.S. 39-14-205 for natural gas shall apply to natural gas
containing helium.
(h) Compliance; collection procedures: The severance tax
related provisions of W.S. 39-14-207 shall apply to helium
production.
(j) Enforcement: All severance tax related provisions of
W.S. 39-14-208 shall apply to helium production.
(k) Taxpayer remedies: All severance tax related
provisions of W.S. 39-14-209 shall apply to helium production.
(m) Distribution: Severance tax revenues from helium
production shall be distributed as provided by W.S. 39-14-211.
ARTICLE 3 - TRONA