This bill amends existing tax law in Wyoming by repealing the sunset date for manufacturing sales and use tax exemptions, effectively making these exemptions permanent. Specifically, it removes the expiration date of December 31, 2027, for the sale or lease of machinery used predominantly in manufacturing tangible personal property. The bill also aligns the provisions for the manufacturing use tax exemption with those of the manufacturing sales tax exemption by repealing certain related provisions.

Additionally, the bill repeals specific subsections related to the manufacturing use tax exemption, streamlining the legal language and requirements associated with these exemptions. The effective date for this act is set for July 1, 2025, allowing for a transition period before the changes take effect.

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