Energy boosts Wyoming's tax income

Published: Jul. 5, 2018 at 11:39 PM CDT
Email this link
Share on Pinterest
Share on LinkedIn

The sales of products that can be taxed in Wyoming accelerated to $3.9 billion for the first few months of this year.

According to a state economic summary released this week, the total income from sales and use taxes increased by 64 percent in Converse County, where new oil development is active.

The sales tax revenue increased 50 percent in Sublette County, which is home to the state's large gas fields.

State economist Wenlin Liu (LEW) says sales tax improvements are also happening nationally, thanks to federal tax cuts and government spending.

For Wyoming, the gains are largely from the energy patch picking up after a downturn that plunged Wyoming into a recession.

Latest News

Latest News