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" from both the taxable events and the basis of tax sections. Additionally, it repeals W.S. 39-15-103(a)(i)(J), which likely pertains to the same tax on services.

To facilitate this change, the Department of Revenue is tasked with adopting necessary rules by July 1, 2025, to implement the repeal effectively. The act is set to take effect immediately upon completion of the legislative process, with the specific provisions in Sections 1 and 2 becoming effective on July 1, 2025.

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