This bill proposes a sales and use tax exemption for the purchase or transfer of motor vehicles between immediate family members in Wyoming. It amends existing tax laws by adding a new paragraph to both W.S. 39-15-105(a) and 39-16-105(a), which outlines the conditions under which these transactions can be exempt from excise tax. The definition of "immediate family member" is specified to include parents, children, spouses, and siblings. Additionally, it requires that the seller or donor must have paid the necessary sales or use tax when they originally purchased or received the vehicle, and the transaction must be made directly to an immediate family member to qualify for the exemption.

The bill also clarifies that any vehicle sold or gifted under this provision will be considered an exempt motor vehicle for the purposes of the relevant tax chapter. The effective date for this act is set for July 1, 2026.

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