Basic requirements & facts about
Wyoming’s Mineral Exemption:
1. As of the 2005 tax year, mineral exemptions must be filed every year.
2. The exemption form is due between January 1st and March 1st of the current tax year.
3. You can send in the form we mail to you.
4. Either way all of the information must be filled in to the best of your knowledge in order to get the exemption.
5. For oil & gas and injector wells, you can only report those that were producing as of January 1st of the current tax year.
6. For coal and other hard minerals you can report all land that produced over the past year.
7. Per state law, you only qualify for one exemption on each 40 acres regardless of the number of wells. (i.e. if you have 2 wells in one 40 acre section and one well in another 40 acre section your total exemption will be 80 acres not 120.)
8. Mineral production must be on your deeded surface ownership!
9. You must report all wells every year, not just the new ones for that year, and remove any wells that were not producing on January 1st.
10. It is not necessary to own the minerals being produced, just the land they are taken from.