Bill > SF0060

This bill modifies the distribution rates for sales and use taxes in Wyoming, primarily changing the percentage of tax revenues credited to the state general fund from 69% to 65% for both sales and use taxes. The bill also adjusts the distribution of taxes from out-of-state vendors, increasing the percentage distributed to counties, cities, and towns from 31% to 35%. Additionally, it removes references to outdated distribution rates from before June 30, 2004, and standardizes language related to county and municipal tax allocations. The changes will apply to sales and use tax distributions collected on or after July 1, 2025, and the bill becomes effective on that same date. The modifications aim to slightly reduce the state's share of tax revenues and proportionally increase the share distributed to local governments, potentially providing more funding for counties, cities, and towns.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/SF0060