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conan77

367 Posts.

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05/03/20

13:44

Post #: 43322006
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Originally posted by Zia: ↑

https://oilcity.news/general/2020/02/25/wyoming-senate-crossing-fingers-u-s-will-look-to-nuclear-consider-new-uranium-taxes/

CHEYENNE, Wyo. – The Wyoming Senate spent a portion of its morning floor session on Tuesday, Feb. 25 talking over a uranium tax rate bill.

SF 85 would impose “conditional uranium severance taxes on all uranium production occurring after December 31, 2020 and before January 1, 2035.”

The severance taxes would only be imposed when uranium’s market rate per pound meets or exceeds $30. The bill proposes establishing the following severance tax schedule:

Uranium Spot Market PriceSeverance Tax Rate Applied

Less than $30.000% - 0%

$30.00 to $36.671% - 1%

$36.68 to $43.342% - 2%

$43.35 to $50.003% - 3%

$50.01 or more - 4%

The Senate was debated an amendment sponsored by Sen. Charles Scott, which would have increased the severance tax to half of a percent on uranium when the market price is less than $30.

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Interesting that they avoided the word royalty. Anyhow, they are very modest and reasonable taxes. Don't think it will have any impact.

PEN Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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