Fuel tax increase could raise over $60M

(Fremont County, WY) – A proposed fuel tax increase is slated to go before the 2021 Wyoming Legislature and according to the Legislative Service Office, it could generate over $60M in annual revenue for the state.

Proposed House Bill 26, sponsored by the Joint Revenue Interim Committee, would increase the fuel tax by $.09 per gallon of gasoline, diesel fuel, and alternative fuel. Raising the current fuel tax from $.24 to $.33 per gallon.

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If passed, a “comparable increases in the tax distributions on fuel used in snowmobiles, motorboats and off-road recreational vehicles” would also be implemented, according to LSO.

The estimated annual revenue from this bill would be distributed to the following funds:

  • Highway Fund – $40.24M
  • County Road Funds – $14.15M
  • Cities and Towns Street & Alley – $5.91M
  • Special Revenue – State Parks – $1.17M

The above estimates are based on a 5-year average of motor fuel collections (FY16-FY20), according to LSO.

If passed, this price jump at the pump would be effective on July 1st, 2021.

You can read the entire bill here.

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