Manufacturing Sales Tax Exemption Passes Senate
Cheyenne, WY – A bill that lifts sales taxes on new manufacturing equipment survived some final debate and passed in the Wyoming Senate Friday. House Bill 44 is being called a major tool for economic development and state officials say the lack of such an exemption has cost Wyoming business. But Senator Jayne Mockler of Cheyenne says the exemption will take too much revenue from the state. She says the litany of exemptions this creates weren't talked about. Senator Bob Peck countered that the sales tax may apply to existing businesses, but only to new equipment. He adds that Wyoming is the only state that imposes a sales tax on new investments.