State Sales Tax Nexus and General Overview

Need to Understand a State's Sales Tax Situation? Here it is...

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Wyoming (WY)

WY Sales Tax - Name of Tax and General Application:

Wyoming imposes a tax on the sale of tangible personal property or specific services sold at retail in the state. This tax is known as a "sales tax". In addition a tax is imposed on use, storage or consumption of tangible personal property used in the state where it was purchased outside of the state. This is known as "use tax" and only applies where sales tax in Wyoming has not already been paid.

WY Nexus - General Requirements:

The word "nexus" means a link or connection. If you are determined to have nexus to a U.S. state then you are subject to that state's sales and use tax rules and must collect and remit sales tax to the state. This is known as a "filing obligation."

Each state has a different definition of nexus. However, if the answer to any of the following questions is yes, it is likely that a company has nexus as legally defined in most U.S. States.

Does the company own property in the state? Does the company have employees living in the state? Does the company regularly send employees in the state to perform services? Does the company have an agent acting on behalf of the company in the state?

Wisconsin imposes nexus when a retailer solicits business by phone or at a trade show in the state; solely the attendance at a trade show does not create nexus. Three or more separate transmittances of advertising in a 12-month period, consisting of the dissemination of catalogs, radio, TV, mail, telephone, internet, cable, or other communication system, is considered regular and systematic activity resulting in nexus.

WY Local Tax - Do Localities Impose Tax?

Yes, Wyoming imposes local sales tax.

WY Resale Certificate Renewal Agreements:

Sales for resale are specifically exempt from tax in Wyoming.

WY Resale Certificate Renewal Periods

No stated expiration period. Resale certificates should be completed and presented to the seller at the time of sale. Sales not supported by a signed resale certificate will result in the seller being held liable for the tax on the transaction.

WY Statute of Limitations

Three years from the date of delinquency.