Revenue Committee Talking Corporate Tax

Revenue Committee Talking Corporate Tax

The Wyoming Legislature only has a small period of each year where they are in Cheyenne full time and during the interim, committee work keeps Legislators busy. A topic that has come up in the Revenue Committee is the possibility of adding a tax for corporations to the current system. A bill that would have added the tax failed in the Senate during the 2019 Session. Local Representative for House District 51 and member of the Revenue Committee Cyrus Western shared more details about the subject.

After voting in favor of House Bill 220 in committee work during the 2019 General Session, Western did vote against the measure on third reading by the whole house body along with other local legislators Mark Jennings and Richard Tass. Representative Mark Kinner was the lone member of the local delegation that voted in favor on third reading. Representative Western shared his reasons for opposing the legislation.

After passing the house by a vote of 44 yays, 14 nays, and 2 excused, House Bill 220 died in the Senate Corporations Committee. It is unclear at this point whether the Revenue Committee will be sponsoring legislation to institute the tax during the 2020 Budget Session. To view the original Corporate Tax Bill, follow this link https://wyoleg.gov/Legislation/2....

SheridanWyoming.com

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