Wyoming Taxes — What the State Actually Charges

Every tax fact below cites the state matrix that owns it or the underlying Wyoming statute directly. Source matrices: entity-tax-burden-by-state and domestic-llc-annual-renewal-rules-by-state. Not legal or tax advice.

Not legal advice

Private Pierce is not a law firm.

Private Pierce does not provide legal advice.

This page is not a substitute for the advice of an attorney.

Short answer

Wyoming charges no personal or corporate income tax and no entity-level franchise tax on LLCs. What it does charge: a modest annual license tax (part of the required annual report — $60 minimum, or a small fraction of a cent per dollar of Wyoming-located assets if that's greater), and a state sales tax of 4%, with counties able to add up to 2% more. None of that changes what your home state charges if you don't actually live or operate in Wyoming — see the caveat directly below before reading "no income tax" as a savings estimate.

No personal or corporate income tax

Wyoming preempts the field of income taxation for itself and every county, city, and town in the state. Wyo. Stat. Ann. § 39-12-101, verbatim: "The state of Wyoming does hereby preempt for itself the field of imposing and levying income taxes, earning taxes, or any other form of tax based on wages or other income and no county, city, town or other political subdivision shall have the right to impose, levy or collect taxes upon income or earnings."

Wyoming's lack of a state income tax does not by itself lower your taxes if you live or operate in another state, which will generally tax the same income; whether Wyoming is actually cheaper for you is a question for your own tax advisor. An LLC is a pass-through entity by default — its income is taxed to its members, and members are generally taxed by the state where they actually live and work, on the same income, regardless of where the LLC is formed. Forming in Wyoming doesn't relocate your own tax residency.

No entity-level franchise tax

Wyoming does not impose a franchise tax on LLCs at the entity level. The domestic-llc-annual-renewal-rules-by-state matrix records this directly for Wyoming's own row (Wyoming imposes no franchise tax on LLCs).

The annual license tax — Wyoming's actual recurring state cost

What Wyoming does charge every LLC annually is a license tax, bundled into the required annual report: $60 minimum, or $0.0002 per dollar of Wyoming-located assets, whichever is greater. For the large majority of LLCs — anything with under $300,000 of assets located and employed in Wyoming — that's a flat $60 a year. It scales up only for entities with substantial in-state assets; an additional $2–$8.95 convenience fee applies for online filing. Late filing adds a $50 penalty, and the annual report becoming more than 60 days overdue triggers administrative dissolution.

Sales tax reality

Wyoming levies a 4% statewide sales and use tax — a 3% base rate under Wyo. Stat. Ann. § 39-15-104(a), plus an additional 1% in effect since July 1, 1993 under § 39-15-104(b), administered as a single combined 4% rate. On top of that, a county may add its own general-revenue excise tax in 0.5% increments up to a 2% cap (§ 39-15-204(a)(i)) — counties can also layer separate, narrower taxes for lodging or specific voter-approved purposes under the same section. In practice that puts the combined state-plus-county rate most purchasers actually pay somewhere in the 4%–6% range, sourced to where the sale is completed, not to where the seller's LLC happens to be formed.

What this page does not prove

• "No income tax" is a fact about Wyoming, not about your own tax bill. The home-state-nexus point above applies to every non-resident owner; this page states the Wyoming-side fact and flags the limit, but does not calculate anyone's actual tax exposure.
• Sales tax is sourced to the transaction, not the entity's formation state. A Wyoming LLC selling into another state generally collects and remits that other state's sales tax on those sales — Wyoming's own rate is only what applies to sales actually sourced to Wyoming.
• This is not tax advice. Federal tax treatment, other states' tax rules, and any individual's actual liability depend on facts this page does not have. Talk to your own tax advisor about your specific situation.

See also: Wyoming LLC Facts — Every Number, One Page · Entity Tax Burden by State (matrix)