Wyoming
By the Numbers

Wyoming Below is a snapshot of key features of Wyoming's tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $5.8 billion
  • General Revenue as a Share of Income: 23.6%
  • Tax Revenue: $3.5 billion
  • Tax Revenue as Share of income: 14.0%
  • Personal Income Tax (Share of Tax Revenue): 0.0% (46 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): - % ( 48 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 31.2 % ( 32 out of 51)
  • Property Tax (Share of Tax Revenue): 42.5 % ( 8 out of 51)
  • Other Taxes (Share of Tax Revenue): 23.7 % (4 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: N/A
  • Standard Deduction: N/A
  • Personal Exemption: N/A
  • Dependent Exemption: N/A
  • Earned Income Tax Credit (EITC): None
  • No broad based personal income tax
Corporate Income Tax Features (2012)
  • Range of Tax Rates: N/A
  • Income Level at Which Top Rate Applies: N/A
  • Combined Reporting: N/A
  • Apportionment Factor (Payroll): N/A
  • Apportionment Factor (Property): N/A
  • Apportionment Factor (Sales): N/A
Sales Tax Features (2012)
  • State Sales Tax Rate: 4.00%
  • Average Local Sales Tax Rate: 1.50%
  • Average Combined State & Local Sales Tax Rate: 5.50%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: Exempt
  • Number of Services Taxed: 58 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: Full
  • Sales tax applies to digital goods and services
Property Tax Features (2012)
  • Does not provide a meaningful homestead exemption or circuit breaker for non-elderly taxpayers.
  • Comparatively low property taxes.
  • Majority of property taxes paid by mineral industry.
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.24
  • Diesel Tax Rate (per gallon): $0.24
  • Cigarette Tax Rate (per pack): $0.60
  • Estate or Inheritance Tax: No
  • Net Lottery Sales Per Capita: N/A
Tax Policy Oversight
  • Tax Expenditure Report: None
  • Tax Incidence Analysis Capability: None

Last Updated October 4, 2012

Sources & Glossary