Bill > HB0104

This bill establishes a new child tax credit program for Wyoming residents, allowing full-time state residents to receive a $200 tax credit for each child they claim as a dependent. To qualify, taxpayers must apply to the state department of revenue by March 1st following the tax year, providing documentation proving they lived in Wyoming for the majority of the year, have children who also resided in Wyoming, and that no other person is claiming those children as dependents. The credit will be issued as a dollar-for-dollar refund against taxes paid to Wyoming, not exceeding $200 per child. If the total approved refunds exceed the appropriated funds of $5 million, refunds will be prorated among applicants. The department of revenue is required to adopt rules for implementing the program by January 1, 2026, with the first credits available for taxes paid in the 2025 tax year. The appropriated funds are specifically designated for this purpose and cannot be transferred or used for other purposes, with any unused funds reverting back to the general fund on June 30, 2026.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/HB0104