Wholesale Energy Transaction Tax
The Wholesale Energy Transaction (WET) Tax generates revenue by taxing electric energy generation within Montana. HB174 (1999) reduced the taxable valuation rate applied to electric energy generation assets from 12% to 6%. To provide general fund replacement revenue from this change, HB174 also imposed a new Wholesale Energy
Transmission (WET) Tax at a rate of $0.00015 per kilowatt hour (Kwh) on all electricity transmitted by a transmission service provided in the state. The new tax, effective January 1, 2000, is paid on a quarterly basis; hence, fiscal 2000 only received two quarters worth of payments from this new tax. By statute, 100% of the Wholesale Energy Transmission Tax is deposited in the state General Fund. (MCA 15-72)
