A company setting up a private Fort Knox in Casper says it would help the state if Senate File 101 become law, allowing Wyoming to accept gold and silver to pay mineral taxes.
The old adage goes “If you like laws and sausages, you should never watch either one being made.” Wyoming’s cigar tax bill is a good example the sausage-making in action.
The state House Revenue Committee passed a bill Thursday that would make it easier for Wyoming residents to receive property tax rebates.
A bill drafted for the upcoming Wyoming legislative session would allow communities to create airport districts, which could then tax citizens to support themselves.
Wyoming’s 4% sales and use tax collections were a little more than $1 billion for fiscal year 2022, an increase of 10.1% year over year. That is near the record levels of fiscal year 2015.
Cheyenne Rep. Landon Brown says lowering sales and use tax from 4% to 2.5%, but apply the tax to more services, would generate similar income for the state while reducing reliance on revenues from energy sector.
Wyoming has again been identified as the state with the country’s best tax climate for businesses by a tax policy group.
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Wyoming’s hospitality and retail sectors were the high spots in the state’s economy in August and have been for the last two years, according to figures released by a state agency.
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Wyoming’s sales and use tax collections in May increased by almost 14% over May of 2020, according to a state agency, due largely to a serious slump in collections one year ago caused by the coronavirus pandemic.
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Celebrities are attracted to Wyoming due to its lack of income tax laws, a new video from MTV News has concluded.
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A pair of bills proposing increases in the statewide sales tax being debated in the Wyoming House of Representatives saw divided fortunes Tuesday.
Sen. Anthony Bouchard, R-Cheyenne, said Wyoming sell its two jets used for transporting state employees in lieu of raising taxes, but some officials have pushed back against this idea.
Sales tax collections from almost every sector of Wyoming’s economy declined in January from figures one year ago, but taxes generated by one sector more than doubled in the year, according to state figures.
For the seventh consecutive year, Wyoming has been ranked the top state in the nation by a tax policy group for its business tax climate.
Under this bill, voters would have to approve tax increases and higher debt levels.
Wyoming Governor Mark Gordon talked turkey on taxes at a wide ranging press conference yesterday in Cheyenne.
Sales taxes, investment income, oil severance taxes and federal mineral royalties are proving to be the saving grace for state coffers, according to a recent report, but the overall revenue picture for Wyoming remains bleak.
The last of three bills that would have put restrictions on when voters can change party affiliations was among a number to die this week as the Legislature neared the end of its general session.
Here is the status of some bills making their way through the Legislature’s general session:
A bill that would impose a statewide 5 percent tax on hotel and motel stays was approved in its first Senate review on Thursday.
Attempts to change Wyoming’s tax structure must continue despite the defeat of a bill that would have created a corporate income tax, according to a legislative leader.
A plan to impose an income tax on large companies that do business in Wyoming but are headquartered elsewhere died in a Senate committee on Tuesday.
A state representative is trying to bring coal taxes more in line with those assessed against oil and gas.
A measure that would have boosted taxes on cigarettes and other tobacco products was killed in a House committee on Monday.
The House Revenue Committee voted 5-4 to keep HB 218 from reaching the House floor The bill would have increased cigarette taxes by $1 per pack, from 60 cents to $1.60.
By Ike Fredregill, Cowboy State Daily Wyoming’s costly health insurance premiums can make it difficult for independent businesses to provide policies for employees, a National Federation of Independent Businesses (NFIB) spokesperson said. “Premiums are not decreasing — they’re increasing, and they have been for years,” said Tony Gagliardi, the NFIB state director for Wyoming and…
A thumbs up for income taxes on large companies and putting Wyoming permanently on daylight savings time, a thumbs down for a personal income tax in the Legislature this week.
Two bills proposing Wyoming’s first income taxes met with different fates on Friday in Wyoming’s House.
One bill proposing an income tax on individuals died in the House Revenue Committee, while another proposing a 7 percent tax on large out-of-state retailers doing business in Wyoming won approval in its final House review.
By Cowboy State Daily Bills on party switching, daylight savings time and a property tax exemption for seniors were all on the table at the Wyoming Legislature on Thursday. A bill that would have limited when voters can change their party affiliations, SF 32, was killed for a second time by the Senate Corporations, Elections…
A corporate income tax could be seen in Wyoming under a bill that cleared its second vote in the House on Thursday.
Representatives voted in favor of HB 220 — also called the National Retail Fairness Act — to send it to a third and final House reading on Friday.
