Record Sales Tax
Casper, WY – Sales tax collections in Wyoming set a
record in fiscal year 2007 despite a new law exempting groceries from sales tax.
Total sales tax collections in Wyoming were just under $800 million, up 11 percent from the previous year.
Wenlin Liu is senior economist with the state Economic Analysis Division. He credits Wyoming's gas boom. The biggest increases were in the boom areas: Sublette, Johnson, Carbon and Sweetwater
Wyoming doesn't have a sales tax on gas and minerals production. But equipment related to drilling and mining is taxed when it is sold.
Sales tax collections related to drilling and mining increased 31.6 percent to over $145 million.