The bill amends various provisions concerning the administration of sales tax in Wyoming, introducing a new definition of "vendor" that excludes individuals who do not regularly engage in selling tangible personal property, admissions, or services. It modifies the imposition of sales tax on admissions to places of amusement and entertainment, removes certain exemptions for transportation businesses, and clarifies the tax treatment of specified digital products. Additionally, the bill revises compliance and reporting requirements for vendors, including penalties for late information submission, updates the vendor compensation calculation, and establishes a process for refunds of erroneously paid taxes.

Moreover, the bill allows counties to impose an excise tax on retail sales within resort districts without requiring vendors to be physically present in those districts. It changes the criteria for remote sellers, mandating sales tax remittance if gross revenue from sales into the state exceeds $100,000, while eliminating previous transaction-based thresholds. The bill also repeals provisions regarding the taxation of specified digital products, stating they are only taxable if the purchaser has permanent use, and removes certain sections related to sales from remote sellers. The act is scheduled to take effect on July 1, 2024.

Statutes affected:
24LSO-0226 v0.5: 39-15-101, 39-15-103, 39-15-105, 39-15-106, 39-15-107, 39-15-109, 39-15-111, 39-15-204, 39-15-501, 39-16-103