The bill amends various provisions related to sales and use tax in Wyoming, primarily to align use tax regulations with sales tax provisions. Key changes include a revised definition of "vendor," which now specifies that a person is not considered a vendor if selling tangible personal property is not a habitual or regular activity. Additionally, the bill clarifies the use tax exemption for machinery used in manufacturing, extends the exemption period until December 31, 2027, and modifies licensing and compliance requirements for vendors. It also introduces new provisions regarding the collection of taxes by county treasurers and the process for vendors to claim tax credits and refunds.

Furthermore, the bill repeals certain conflicting provisions and establishes a timeline for the approval or denial of refund requests by the Department of Revenue, which must occur within 90 days of receipt. If a refund request is referred to the Department of Audit, the 90-day period is paused until the audit is completed. The act is set to take effect on July 1, 2025.

Statutes affected:
Introduced: 39-16-101, 39-16-105, 39-16-106, 39-16-107, 39-16-109