State Legislature approves bill to collect online sales tax
CHEYENNE, Wyo. (AP) — Online retailers who sell goods to Wyoming residents will soon be required to collect the state’s sales tax on transactions as the Legislature has approved a bill moving the tax burden from residents to businesses.
The Wyoming Tribune Eagle reported Wednesday (http://bit.ly/2mlxpov ) that the bill received wide support in both the Senate and the House of Representatives and now awaits a signature from Gov. Matt Mead. If approved, the law will be effective July 1.
According to the bill, retailers that don’t have a presence in the state will collect sales tax from Wyoming customers and remit that money to the state. Businesses with fewer than 200 transactions of $100,000 in sales to Wyoming customers are exempt from the law.
Currently, Wyoming residents are required to pay sales tax on such purchases but few do.
Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com