Wyoming2025Did Not Pass

HB0113

Insurance Payments Not Taxable

Last scannedOct 14, 2026, 2:19 AM

In one sentence

The bill proposes to exempt insurance damage settlement payments from sales and use taxes when used to purchase new vehicles or trailers within a certain time frame.

Exempts insurance damage settlement payments from sales tax when buying new motor vehicles, house trailers, trailer coaches, trailers, or semitrailers if the previous vehicle was acquired by an insurance company through a damage settlement and the purchase is made within 90 days of receiving the insurance payment.
Exempts insurance damage settlement payments from use tax under the same conditions as for sales tax.

People who receive insurance payments after their vehicles are damaged and use those payments to buy new vehicles or trailers.

The bill did not pass during the session.
It only applies to specific types of vehicles and trailers.
The exemption is limited to purchases made within 90 days after receiving an insurance payment.

Plain language

Sales tax: A tax added to the price of goods and services when they are sold.
Use tax: A tax that must be paid by individuals who buy items from out-of-state sellers and use them in their home state, where no sales tax was collected at purchase.

Official record

Source checked

Public statements

Last checked Aug 3, 8:09 AM

Couldn't find a published reason.

Wyoming roll calls

1 roll call

H03 - Revenue:Recommend Do Pass 5-3-1-0-02025-02-04 · House5 yes 3 no

Official activity