This bill amends the distribution rates for sales and use taxes in Wyoming, specifically adjusting the percentages allocated to the state general fund and local governments. The bill reduces the percentage credited to the state general fund from sixty-nine percent (69%) to sixty-five percent (65%) for revenues collected under W.S. 39-15-104 and W.S. 39-16-104. Additionally, it increases the percentage of sales and use taxes collected from out-of-state vendors that will be distributed to counties, cities, and towns from thirty-one percent (31%) to thirty-five percent (35%). The bill also removes references to obsolete statutory language regarding distribution rates that were applicable until June 30, 2004.

The changes outlined in the bill will take effect for distributions of sales and use taxes collected on or after July 1, 2025. This means that the new distribution rates will not be applied until that date, allowing for a transition period before the updated percentages are implemented. Overall, the bill aims to modernize the tax distribution framework in Wyoming by ensuring that local governments receive a larger share of revenue from out-of-state vendors.

Statutes affected:
Introduced: 39-15-111, 39-16-111
Engrossed: 39-15-111, 39-16-111