For Immediate Release
August 11, 2011

Wyoming – Manufacturing Exemptions Extended

Wyoming – Manufacturing Exemptions Extended

Wyoming – Manufacturing Exemptions Extended

The manufacturing and equipment exemption has been extended until December 31, 2017.

The Wyoming sales and use tax exemption for a sale or lease of qualified machinery to be used in the state directly and predominantly in manufacturing tangible personal property has been extended for six years. The law, which was set to expire on December 31, 2011 will now stay in effect until December 31, 2017.

If requested by the Department of Revenue, any person utilizing the exemption must report the amount of sales or use tax exempted and the number of jobs created or impacted by the utilization of the exemption. The report must include a history of employment in terms of numbers of employees, full-time and part-time employees, and rates of turnover classified by the 2007 edition, as amended, of the North American Industry Classification System (NAICS) code manufacturing section 31–33.

If you would like additional information on this topic or have any questions, please contact the taxdesk@thesaltgroup.com

 

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