The bill amends various provisions related to the administration of sales tax in Wyoming, including clarifications on definitions, imposition of the tax, exemptions, reporting requirements, and compliance measures. Notably, it introduces a new definition of "vendor" that specifies a person is not considered a vendor if selling tangible personal property, admissions, or services is not a habitual or regular activity. Additionally, the bill modifies the imposition of sales tax on admissions to places of amusement and entertainment, removing the requirement for equivalent tax payments for free or reduced-rate admissions. It also clarifies the tax treatment of specified digital products, stating that sales are subject to tax only if they do not provide permanent use to the purchaser.

Furthermore, the bill revises exemptions for sales of power or fuel used in transportation, updates licensing requirements for vendors, and establishes new compliance procedures for tax collection. It repeals certain obsolete provisions and specifies that the effective date of the act will be July 1, 2024. The changes aim to streamline the sales tax process, enhance compliance, and ensure clarity in the application of tax laws.

Statutes affected:
Introduced: 39-15-101, 39-15-103, 39-15-105, 39-15-106, 39-15-107, 39-15-109, 39-15-204, 39-15-501, 39-16-103