WHO PAYS TAXES IN WYOMING

Some sales taxes are exempted by the State Legislature. The most commonly used exemptions are focused on manufacturers and data centers.

A manufacturer does not have to pay sales tax on equipment used in the manufacturing process or on electricity used in the manufacturing process.  A data center has a wide variety of exemptions based on the size of the facility.

Business Ready Community Grant & Loan Program

The Business Ready Communities program can provide financing for publicly owned infrastructure that promotes economic development within Wyoming communities. Projects may include direct job creating projects where a business has committed to locate or expand in a community, and community readiness projects where no specific company has committed to expand or locate in a community.

More Info, please visit the Wyoming Business Council website.

Revenue Bonding

The State Treasurer can directly purchase up to $100M per project in revenue bonds from a variety of projects.  This allows for direct negotiation with the State Treasurer on terms and interest rates.  The bond avoids private issuance costs and delays and has the potential to be more flexible than other type of bond financing.

Industrial Development Revenue Bonds

Cities and counties may issue tax-exempt industrial development revenue bonds to provide financing for manufacturing and energy generation businesses. These bonds are issued within the State’s IRS allocation of tax-exempt bond financing. The maximum project is $10,000,000 and the business must provide a bank “letter of credit” to guarantee payment of the bonds. Interested businesses must apply for an allocation within the State’s volume cap. The Wyoming Business Council will coordinate this process.

More information on revenue bonds.

Workforce Training Grants

The Workforce Development Training Fund (WDTF) was created by the 1997 Wyoming Legislature and assists new and existing industries in the state with the training needs of newly hired or current employees.

The training grants are available for up to $4,000 per new trainee. The WDTF application form is available via the WDTF website.