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WY HB0124

WY HB0124
Reduction in taxation act.


summary

Introduced
01/27/2025
In Committee
Crossed Over
Passed
Dead
03/03/2025

Introduced Session

2025 General Session

Bill Summary

AN ACT relating to alcoholic beverages; repealing the excise tax on malt beverages; amending limitations on importing alcoholic beverages for personal use; making conforming amendments; and providing for an effective date.

AI Summary

This bill amends Wyoming's alcoholic beverage laws to eliminate the excise tax on malt beverages and make several related technical changes. Specifically, the bill removes the existing requirement for malt beverage wholesalers to report and pay state excise taxes, and eliminates the half-cent per liter tax previously imposed on malt beverages. The legislation continues to maintain existing restrictions on personal importation of alcoholic beverages, allowing individuals to bring in up to five gallons of malt beverages, nine liters of wine, or three liters of other alcoholic liquors for personal use. The bill also updates various sections of state law to remove references to malt beverage taxes and standardizes language around alcoholic liquor regulations. These changes will simplify tax collection for malt beverage wholesalers and remove a specific tax category for malt beverages, effectively reducing the tax burden on these products. The bill is set to take effect on July 1, 2025, giving businesses and state agencies time to adjust to the new regulatory framework.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

H:Died in Committee Returned Bill Pursuant to HR 5-4 (on 03/03/2025)

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