Wyoming does not have a state income tax on individuals or corporations, which draws people who move to Jackson or Cheyenne and owners who form companies there. The state still levies sales and use tax, lodging tax and taxes on minerals, and counties run property tax. The bigger planning point is what a Wyoming address or entity does not change: the tax you owe in the state where you actually live or do business. This page covers both sides.
What no income tax means in practice
Wyoming's Department of Revenue runs excise (sales and use), mineral, property and liquor divisions, and it has no income tax division. For residents that means no state return for salary, Social Security, pensions, interest or capital gains, only the federal one. See tax brackets and rates for the federal side.
The catch is the move itself. A state you leave can still tax income earned there, and some states presume you remain a resident until you prove otherwise. If you relocate to Wyoming, a part-year return in your former state is common. Keep dates of the move, a driver's license, voter registration and a home purchase or lease in the record. Our multi-state tax service covers these transitions.
Sales, use and lodging taxes
The Excise Tax Division FAQ says the base sales and use tax is 4% statewide, that totals vary by county, generally between 4% and 8%, and that voter-approved local "pennies" are added. Use tax is self-reported on goods bought from outside Wyoming and matches the local sales tax rate. The Division updates rate charts when rates change; the latest master chart is dated October 2026.
Lodging carries a 5% statewide assessment plus voter-approved local taxes, with the state keeping 3% and the local jurisdiction receiving 2%. The Division also publishes a lodging-industry matrix for hosts and hotels.
Remote sellers can have economic nexus in Wyoming. The Division's remote seller guide lists the thresholds, so confirm them before you ship. See sales and use tax and sales tax nexus.
Minerals and property tax
The Mineral Tax Division administers severance tax reporting for oil, natural gas and solid minerals, as well as ad valorem taxes on mineral production. The Division publishes a severance tax rate schedule, so working-interest and royalty owners should read it rather than rely on a single percentage.
Property tax is local. The Property Tax Division supports 23 county assessors who value locally assessed property, and county treasurers collect the bills. Out-of-state owners of ranch land, cabins or rental properties receive county bills even though Wyoming has no income tax. See state and local tax deductions.
Forming a Wyoming LLC while living elsewhere
The Secretary of State's fee schedule, effective July 1, 2026, lists $100 for articles of organization. The annual report license tax is $60 or $.0002 on assets located and employed in Wyoming, whichever is greater. Annual reports are due the first day of the LLC's anniversary month. By that formula the $60 minimum applies until Wyoming assets pass $300,000. The schedule also lists a $100 "reinstatement for tax" fee for LLCs.
Forming in Wyoming does not move your income to Wyoming. Your home state generally taxes residents on all income, including profits from a Wyoming LLC. If the LLC does business in another state, that state may require registration and tax filings. A U.S. LLC owned by a foreign person may also carry federal reporting duties, such as Form 5472. For NRI investors, see our US-India tax treaty guide.
Payroll and workers' compensation
Employers register and file through the Department of Workforce Services' WYUI portal. The taxable wage base is $33,800 for 2026 ($32,400 for 2025). Quarterly wage reports are due April 30, July 31, October 31 and January 31. New hires are reported through the state's New Hire Reporting Center.
Wyoming workers' compensation is run through DWS. For extra-hazardous industries, coverage through DWS is required before work begins, and premiums depend on the business classification. See workers' compensation basics and multi-state payroll.
How we can help
If you are weighing a move to Wyoming, we can build a residency timeline, prepare the part-year return for the state you leave, and flag what to document. For Wyoming businesses and landowners, we can register for the sales tax license, set up WYUI accounts, and calendar the annual report and license tax. For out-of-state LLC owners we can review whether the entity serves a tax purpose or only adds filings. See business formation.
Frequently asked questions
Does Wyoming tax retirement income or Social Security?
Wyoming has no state income tax on individuals, so there is no Wyoming return for either. Federal rules still apply, and so can your former state's.
Will a Wyoming LLC save me income tax if I live in another state?
Usually not. Your resident state generally taxes the profits, and the LLC adds a Wyoming annual report and license tax.
How is the Wyoming LLC annual license tax calculated?
It is $60 or two-tenths of one mill on assets located and employed in Wyoming, whichever is greater, per the Secretary of State's fee schedule.
Do I need a sales tax license for occasional sales?
The Division has a separate application for occasional sales by non-licensed vendors, such as craft shows and boutique markets. Regular vendors apply for a standard sales tax license.
Official sources
- Wyoming Excise Tax Division: Excise tax FAQs
- Wyoming Secretary of State: Business filing fee schedule
- Wyoming Department of Workforce Services: Unemployment taxable wage base
- Wyoming Department of Workforce Services: Workers' compensation for employers
- Wyoming Property Tax Division
This page is a plain-language summary. The official source controls if there is any difference.
General information only, not tax, legal or accounting advice for your situation. Rules, limits and deadlines change; confirm the current rules with the official source or a qualified professional before you act. Reading this page does not create a professional relationship with CPA Tax Payroll and Accounting Corp.