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CASPER, Wyo. (AP) — Uranium industry representatives are in need of a tax break.
The Casper Star-Tribune reports (http://bit.ly/2tkSN3M ) the Wyoming Mining Association, citing low prices and low employment, will make the case for a state tax cut on uranium when lawmakers meet Thursday in Casper.
President of the Mining Association Travis Deti says If the state loosens taxes on the industry now, it will be able to grow in the downturn and Wyoming will reap the tax benefits when prices rise.
The mining association is proposing a sliding scale for uranium severance taxes dictated by the spot price of uranium. If the price falls below $30, companies will not pay severance taxes. For every five- to six-dollar increase in the price above that, a 1 percent tax would be charged.
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