The bill amends the sales and use tax laws in Wyoming by expanding the scope of taxable services and reducing the overall tax rate. It introduces a new definition of "service," which encompasses various activities provided for a fee, excluding those performed by employees for their employers. The bill specifies that the sales tax will now apply to the sales price of engaging in or rendering any service as defined in the new language. Additionally, the sales tax rate is reduced from three percent (3%) to two and one-half percent (2.5%), and the exemption on food for domestic home consumption is repealed.

Furthermore, the bill allows counties to hold elections to exempt local excise taxes on food for domestic home consumption, contingent upon a majority vote from the electorate. It also repeals several existing sales and use tax exemptions, streamlining the tax code. The effective date for these changes is set for July 1, 2023.

Statutes affected:
Introduced: 39-15-101, 39-15-103, 39-15-104, 39-15-205, 39-15-105, 39-16-101, 39-16-104, 39-16-105, 39-16-106