Wyoming Corporation Tax

Wyoming’s Business Tax Climate Ranks 7th

Wyoming Corporation Tax - Wyoming ranks 7st in the State Business Tax Climate Index, which measures the impact on business of five major elements of the tax system: the percentage of income taken by all taxes, the individual income tax rates, the corporate income taxes, the sales tax rate, and the complexity of the tax system. Neighboring states ranked as follows: Montana (17th), South Dakota (1st), Nebraska (35th), Colorado (8th), Utah (26th), and Idaho (31st).

Wyoming’s State/Local Tax Burden among the Nation’s Bottom Ten

For most of the past 14 years, Wyoming’s tax burden has experienced a steady decline. Estimated now at 8.9% of income, Wyoming’s state/local tax burden percentage stands at 44th nationally, well below the national average of 10.0%.

Wyoming Levies no Personal Income Taxes

Wyoming levies no individual income taxes, joining six other states with the same policy. This makes the tax environment in Wyoming very competitive compared to other states.

Wyoming Levies no Corporate Income Taxes

The state of Wyoming, in addition to collecting no personal income taxes, collects no corporate income taxes as well. Only four other states (Nevada, Texas, South Dakota and Washington) join Wyoming in levying neither income tax.

Federal Tax Forms for Regular or "C" Corporations

Form 1120 or 1120-A: Corporation Income Tax Return

Form 1120-W Estimated Tax for Corporation

Form 8109-B Deposit Coupon

Form 4625 Depreciation

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