HJ0014 Prohibition on income tax-business and personal.

Plain English Breakdown

The bill did not move forward in its session as it 'Did Not Consider for Introduction'. This means there is uncertainty about whether voters will have a chance to vote on this proposal.

No Income Tax in Wyoming

This resolution proposes to amend the Wyoming Constitution by prohibiting the imposition of an income tax on individuals and businesses, removing a provision that allows for such taxes, and providing instructions for voter information.

What This Bill Does

Proposes adding a new section to the Wyoming Constitution that stops any income tax from being charged to people or companies.

Removes an existing constitutional provision that permits the state to impose income taxes.

Provides a statement for voters about this proposed change.

Who It Names or Affects

People who live in Wyoming

Businesses operating in Wyoming

Terms To Know

Income tax

A type of tax based on how much money a person or business earns.

Constitution

The main set of rules for a state that tells what the government can and cannot do.

Limits and Unknowns

It is not clear if this resolution will be voted on by Wyoming voters.

This proposal only affects income taxes in Wyoming, other types of taxes are still allowed.

Bill History

2021-03-08 House

H Did Not Consider for Introduction

2021-03-08 House

H Did not Consider for Introduction

2021-03-04 House

H Received for Introduction

2021-03-03 LSO

Bill Number Assigned

Current Bill Text

Read the full stored bill text

21LSO-0670
2021
STATE OF WYOMING
21LSO-0670
Numbered
2.0

House Joint Resolution NO. HJ0014

Prohibition on income tax-business and personal.

Sponsored by: Representative(s) Jennings, Bear and Fortner and Senator(s) Biteman

A JOINT RESOLUTION

for

A JOINT RESOLUTION proposing to amend the Wyoming Constitution to prohibit the imposition of an income tax on persons or businesses; repealing a provision; and providing a ballot statement.

BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF WYOMING,
two-thirds of all the members of the two houses, voting separately, concurring therein:

Section 1.

The following proposal to create Wyoming Constitution, Article 15, Section 21 is proposed for submission to the electors of the State of Wyoming at the next general election for approval or rejection to become
valid as a part of the Constitution if ratified by a majority of the electors at the election:

Article 15, Section 21.

Income tax prohibited.

No tax shall be imposed or levied upon the net or gross income of natural persons or entities conducting business for profit in the state, including but not limited to, proprietorships, partnerships, trusts, corporations, companies, or any other type of association. For purposes of this section, net or gross income includes but is not limited to wages and benefits, earnings, commissions, royalties, pensions and other retirement benefits, business or pass-through entity income, income from investments, pass-through or distributed income from trusts, or gains derived from the sale or other disposition of property. Nothing in this section shall be construed as prohibiting the imposition of any other type of tax in existence on January 1, 2021, including but not limited to, ad valorem, excise, franchise, or other taxes.

Section 2.

Article 15, Section 18 is repealed.

Section 3.

That the Secretary of State shall endorse the following statement on the proposed amendment:

This amendment will prohibit the imposition of a personal or business income tax and will repeal a constitutional provision that currently allows for the imposition of an income tax provided full credit against tax liability is allowed.

(END)

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HJ0014