Following months generating ideas to move the state’s income model past boom-and-bust vulnerability, the committee killed major tax reforms without votes.
Initially tasked with finding up to $300 million in new revenue, the group will begin its final meeting having proposed a fraction of that.
Wyoming can make some advances and improve its tax inequalities if it will seriously consider individual and corporate income taxes.
In what some say is a break from the past, lawmakers show a willingness to buck lobbyists to confront the funding crisis, at least for now.
Wyoming has essentially replaced income taxes with severance taxes, LSO researchers find. They compared Wyoming’s tax structure with 12 other states.