Wyoming Bill That Would Impose Corporate Income Tax on Specified Businesses Passes House

Wyoming might impose a special corporate income tax rate of 7% in 2020. The Wyoming House of Representatives passed a bill that would set a 7% corporate income tax on incorporated:

  • retailers with more than 100 shareholders; or
  • accommodation and food service providers with more than 100 shareholders.

3-Factor Apportionment

Additionally, if enacted, the bill would apportion income to Wyoming based on an equally-weighted property, payroll, and sales.

H.B. 220, as passed by the Wyoming House of Representatives on January 25, 2019

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All stories by: CCHTaxGroup