Bill Description

AN ACT relating to taxation and revenue; exempting insurance damage settlement payments from sales and use taxation; and providing for an effective date.

Notes

The purpose of this bill is to limit the State of Wyoming from the application of sales tax more than once on the same article of tangible property for the same taxpayer.  It includes exclusions for the trade-in values of vehicles from being taxed, the amount of insurance payments used to replace vehicles, trailers and semitrailers among others.   Passing this bill puts in place common sense measures that keeps the State from double dipping into your wallet.

View on Wyoming LSO