Implementation
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Constitutional amendment
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Revise Article 15, Section 18 of Wyoming Constitution
to read:
"The State of Wyoming shall not simultaneously impose
a general sales or use tax and a general income tax"
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This will allay fears that we will find ourselves with
a new income tax on top of existing taxes
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If politically desirable, add additional constraints on
taxation as in Colorado TABOR
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Legislation this session:
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Commmission study to determine rates that would be revenue-neutral
and/or slightly revenue positive while reducing all residents' total taxes
(Estimate: 3%)
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Legislation next session:
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Repeal general sales and use taxes
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Repeal business personal property tax
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Impose flat income tax
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Provide for acquisition of Federal data for verification
and enforcement
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Adopt UDITPA and "3-factor" or "double-weighted
sales" corporate income apportionment for corporate taxes
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