The bill amends Wyoming's sales and use tax laws to improve tax administration and streamline existing provisions. Key changes include the introduction of new subsections and paragraphs that clarify definitions and responsibilities related to sales and use tax, as well as the repeal of duplicative provisions. It specifies that the director of the department of revenue will withhold tax revenues from noncompliant local governments and introduces new language regarding optional sales and use taxes that districts can impose. Additionally, the bill revises definitions related to sales and vendors, broadening the scope of activities and entities involved in the sale of tangible personal property, and clarifies conditions for loans or grants to municipalities and special districts.

The bill also updates telecommunications service definitions, ensuring they include various transmission and routing activities while excluding radio and television programming services. It changes the title of the relevant article to the "Sales and Use Tax Act" and establishes the state's exclusive authority to impose taxes on tangible personal property sales. Furthermore, it modifies tax administration, including the cancellation of liens after payment and the introduction of credits for sales tax paid to other states. The bill outlines new revenue distribution mechanisms, impact assistance payments for counties affected by industrial construction, and clarifies that local governments cannot impose additional retail taxes. It also addresses tax refunds for specific fuels used in certain operations, requiring quarterly purchase records and stipulating refund claims must be submitted within one year. The act is set to take effect on July 1, 2026, with certain provisions effective a year later.

Statutes affected:
Introduced: 31-2-113, 39-15-402, 39-16-101, 39-16-311