Bill > HB0155

This bill requires taxpayers in Wyoming who claim significant sales or use tax exemptions, specifically those exceeding $250,000 in a calendar year, to submit an annual report to the state's tax department. This report must detail the amount of sales or use tax collected, paid directly, or forgone due to exemptions, as well as the amount of ad valorem taxes paid and the number of full-time and part-time Wyoming employees along with their average wages and benefits. If a taxpayer fails to submit this report by February 1st of the following year, they will be required to pay the exempted tax amount plus penalties and interest, and will be ineligible to claim those specific exemptions for the current year. Additionally, the tax department will compile and report aggregated data from these taxpayer reports to the joint revenue interim committee annually, starting in August 2027. These new reporting requirements apply to exemptions claimed from the 2026 calendar year onwards, with the act taking effect on July 1, 2026.

https://www.wyoleg.gov/Legislation/2026/HB0155