WYOMING INCOME TAX ACT FILED FOR 2020 LEGISLATURE

A bill that would create both a personal and corporate income tax in Wyoming has been filed for the 2020 legislative session.

You can read House Bill 147 here.

The bill is a separate measure from House Bill 64, which is a proposed corporate income tax on companies with over 100 shareholders. House Bill 147 would impose a four percent income tax on earnings over $200,000.

Taxpayers would receive tax credits for excise, sales, use, severance and ad valorem taxes paid in Wyoming.

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