On March 8, 2024, Wyoming Governor Mark Gordon signed House Bill 197 into law, making significant changes to the state's sales tax regulations for remote sellers that go into effect July 1st, 2024. The most notable change is the elimination of the 200-transaction threshold from Wyoming's economic nexus requirements.

Key points Regarding Wyoming's Economic Nexus Change

Effective July 1, 2024, remote sellers will only be required to collect and remit Wyoming sales tax if they have more than $100,000 in gross revenue from sales into the state during the current or preceding calendar year.

The previous requirement of 200 or more separate transactions into Wyoming has been repealed.

This change simplifies compliance for smaller remote sellers who may have exceeded the transaction threshold but not the sales volume threshold.

The law also clarifies the definition of a "vendor" and makes other adjustments to sales tax exemptions and administration.

This update aligns Wyoming more closely with other states that have moved away from transaction count thresholds, focusing instead on sales volume as the primary determinant for economic nexus. Remote sellers doing business in Wyoming should review their sales data to determine if they still meet the economic nexus threshold under these new guidelines.

Disclaimer: Our attorney wanted you to know that no financial, tax, legal advice or opinion is given through this post. All information provided is general in nature and may not apply to your specific situation and is intended for informational and educational purposes only. Information is provided “as is” and without warranty.

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