Tax & Incentives
LCBA understands that each business not only offers unique advantages to the community but has unique needs as well. Therefore, the LCBA staff is willing to work with interested businesses on a one-on-one basis to develop specific strategies and possible incentives.
State Income Tax: Wyoming has no corporate or personal income tax.
Business Inventory Tax: Wyoming imposes none.
Property Tax: Wyoming property taxes are some of the lowest in the USA.
Sales Tax:
The State of Wyoming’s sales tax is 4%. In Albany County the sales tax is 6%, due to an additional 1% sales tax and 1% special use tax.
Sales & Use Tax Exemptions:
Wyoming imposes no sales tax on energy consumed in the process of manufacturing. Wyoming imposes no sales tax on the purchase of equipment that will be used in the manufacturing process. There are also sales tax exemptions for certain equipment purchased for data centers.
