WYOMING SALES, USE, AND LODGING TAX REVENUE REPORT

WYOMING SALES, USE, AND LODGING TAX REVENUE REPORT

Prepared by: Wenlin Liu, Ph.D., Chief Economist

WYOMING DEPARTMENT OF ADMINISTRATION & INFORMATION ECONOMIC ANALYSIS DIVISION

Email: ai-ead-info@ 41st Edition October 2016

PREFACE

The 2016 edition of the Wyoming Sales, Use, and Lodging Tax Revenue Report is a compendium of detailed excise tax information. This publication contains sales and use tax collection information categorized by the North American Industry Classification System (NAICS) for Wyoming and its twenty-three counties. In addition, sales tax collections for the retail trade sector, which are itemized by sub-sector components, and for the accommodation and food services sector are provided in the report. Also included in this publication are annual lodging tax collections by county and local entity. As a point of clarification, sales and use tax collections by NAICS codes reflect the taxable sales made within a particular industrial sector, NOT the taxable purchases made by that sector.

This report includes total sales and use tax collections activity by state and county for fiscal years 2014-2016, for both the state-imposed 4% taxes and total taxes, which includes local optional taxes (Wyoming State Government's fiscal year extends from July 1 through June 30). Lodging tax information is provided for fiscal years 2005-2016. The data were provided by the Wyoming Department of Revenue, and were compiled for publication by the Economic Analysis Division.

For additional information or questions regarding tax collection methodology, please contact:

Wyoming Department of Revenue 122 West 25th Street, 2nd Floor West

Cheyenne, WY 82002-0110 Phone: (307) 777-5200

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Tax Rate Comparison

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Introduction

Section I Section II Section III Section IV Glossary

Table of Contents

Page

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Sales Tax Collections....................... ...................... ...................... 12 Retail, Accommodation, and Food Services Tax Collections ....... 30 Use Tax Collections . ....................... ...................... ...................... 45 Lodging Tax Collections ................. ...................... ...................... 63 North American Industry Classification System (NAICS)............ 69

Listing of Data Tables

General Fund Revenue by Component ..... ....................... ...................... ...................... 8 Tax Rates by County ........... ...................... ....................... ...................... ...................... 9 Taxable Events and Exemptions................. ....................... ...................... ...................... 10 State Sales Tax (4%) Collections: Fiscal Years 2005 - 2016 .................... ...................... 16 Total Sales Tax Collections by County: Fiscal Years 2014 - 2016 ........... ...................... 17 Sales Tax Collections by Industrial Sector, by County: FY 2014 ? 2016 ...................... 18 Total Retail, Accomm. and Food Services Collections by County: FY 2014 - 2016 ...... 32 Retail by Sub-Sector, Accomm. and Food Services Collections: FY 2014 - 2016 .......... 33 State Use Tax (4%) Collections: Fiscal Years 2005 - 2016 ...................... ...................... 49 Total Use Tax Collections by County: Fiscal Years 2014 - 2016 ............. ...................... 50 Use Tax Collections by Industrial Sector, by County: FY 2014 - 2016.... ...................... 51 Lodging Tax Collections by County and Local Entity: FY 2005 - 2016 .. ...................... 66

Listing of Charts and Graphs

General Fund and Budget Reserve Account Revenue: Fiscal Year 2016 . ...................... 4 Total Sales Tax Collections: Fiscal Years 1994 - 2016...... ...................... ...................... 12 Percent Change in Sales Tax Collections by County: FY 2015 - 2016..... ...................... 13 Sales Tax Collections by Industrial Sector: Fiscal Year 2016 .................. ...................... 14 State Sales Tax (4%) Collections: Fiscal Years 2005 - 2016 .................... ...................... 16 Retail by Sub-Sector, Accomm. and Food Services Collections: FY 2004 - 2016 .......... 30 Percent Change in Retail, Accomm. and Food Serv. by County: FY 2015 - 2016 .......... 31 Total Use Tax Collections: Fiscal Years 1994 - 2016 ........ ...................... ...................... 45 Percent Change in Use Tax Collections by County: FY 2015 - 2016 ....... ...................... 46 Use Tax Collections by Industrial Sector: Fiscal Year 2016 ................... ...................... 47 State Use Tax (4%) Collections: Fiscal Years 2005 - 2016 ...................... ...................... 49 Total Lodging Tax Collections: Fiscal Years 1994 - 2016. ...................... ...................... 63 Percent Change in Lodging Tax Collections by County: FY 2015 - 2016 ...................... 64

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INTRODUCTION

Sales and use tax collections are the two principal revenue sources for state and local governments in Wyoming. These two revenue sources, when tabulated over time, also provide a valuable indication of both economic progress and activity at the state and county levels.

Lodging tax collections provide revenue primarily to

General Fund and Budget Reserve Account Revenue Sources: FY 2016

cities, towns, and counties. This economic indicator is particularly useful in

Charges-Sales & Services 3.6%

Franchise Tax 2.7%

Cigarette Tax 1.2%

All Other 3.6%

identifying and monitoring tourism activity and local

Pooled Fund Income 6.8%

Severance Tax 22.8%

economic trends.

The reporting of sales and use tax collections is based upon the 2012 North American

PWMTF Income 11.5%

Sales and Use Tax 33.2%

Federal Mineral Royalties 14.5%

Industry Classification System (NAICS) system, developed by the Federal Office of

Management and Budget. Under this system, a business is classified by primary activity,

which is determined by the principal product, or group of products that are produced,

distributed, and/or services rendered. Each sector classification is briefly described in the

glossary on page 69.

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