Bill

Bill > HB0126


WY HB0126

WY HB0126
Sales tax on services-repeal.


summary

Introduced
01/22/2025
In Committee
Crossed Over
Passed
Dead
03/03/2025

Introduced Session

2025 General Session

Bill Summary

AN ACT relating to sales and use taxes; repealing the sales and use tax on services performed for the repair, alteration or improvement of tangible personal property; making conforming changes; requiring rulemaking; and providing for effective dates.

AI Summary

This bill repeals the sales and use tax on services performed for repairing, altering, or improving tangible personal property in Wyoming. Specifically, the bill removes language from existing tax statutes that previously imposed sales tax on these types of services, effectively eliminating the tax burden on repair and improvement services. The bill requires the Wyoming Department of Revenue to adopt any necessary rules to implement this tax repeal by July 1, 2025. While most of the bill takes effect immediately upon becoming law, the actual tax repeal sections (Sections 1 and 2) will not become effective until July 1, 2025, which gives businesses and the state time to prepare for the change. The legislation aims to reduce tax costs for consumers and businesses by removing the sales tax on services related to repairing or improving personal property such as equipment, machinery, or other tangible items.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

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

bill text


bill summary

Loading...

bill summary

Loading...
Loading...