The bill proposes the repeal of the sales and use tax on services related to the repair, alteration, or improvement of tangible personal property in Wyoming. Specifically, it amends W.S. 39-16-103 by removing references to "services to repair, alter or improve tangible personal property sold" in both subsections (a)(ii) and (b)(i). Additionally, it repeals W.S. 39-15-103(a)(i)(J), which is likely related to the taxation of these services. The Department of Revenue is tasked with adopting necessary rules to implement this repeal by July 1, 2025.

The effective date of the bill is immediate for most provisions, while the specific repeal of the sales and use tax on the mentioned services will take effect on July 1, 2025. This change aims to align the state's tax structure with the new policy direction regarding the taxation of services related to tangible personal property.

Statutes affected:
Introduced: 39-16-103, 39-15-103