The bill extends the sunset date for the manufacturing sales tax and use tax exemptions in Wyoming from December 31, 2027, to December 31, 2037. This change applies to the sale or lease of machinery used directly and predominantly in manufacturing tangible personal property. The bill also repeals certain provisions related to the manufacturing use tax exemption to ensure alignment with the extended manufacturing sales tax exemption.

Additionally, the bill amends existing legal language to reflect these changes, specifically in W.S. 39-15-105 and W.S. 39-16-105, where the relevant exemptions are outlined. The effective date for this act is set for July 1, 2025.

Statutes affected:
Introduced: 39-15-105, 39-16-105