Wyoming State Legislature approves bill to collect online sales tax

The Wyoming Legislature has approved a bill that would have online companies that sell goods to Wyoming residents to be required to collect the state’s sales tax on transactions.

The Wyoming Tribune Eagle reported Wednesday that the bill received wide support in both the Senate and the House of Representatives and now awaits a signature from Gov. Matt Mead. If approved, the law will be effective July 1.

According to the bill, retailers that don’t have a presence in the state will collect sales tax from Wyoming customers and remit that money to the state. Businesses with fewer than 200 transactions of $100,000 in sales to Wyoming customers are exempt from the law.

Currently, Wyoming residents are required to pay sales tax on such purchases but few do.

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Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com