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Low Taxation

• A key benefit of doing business in Bridger Valley and Wyoming is not having to pay corporate or personal income tax. Besides allowing the business owner to enjoy higher earnings, the lack of an individual income tax contributes to a lower cost of labor in the state.
• There’s no inventory tax in Wyoming – a significant advantage for many businesses
• State sales tax rate is very attractive at 4% with a maximum 2% option at the local level.
• Wyoming’s property taxes are low compared to most other states. The state assesses agricultural lands at 9.5% of agricultural value; residential and commercial at 9.5% of fair market value; industrial at 11.5% of fair market value; and minerals at 100% of fair market value. To calculate residential and commercial taxes, use the following equation: (Fair Market Value x 9.5%) x Local Mill Levy Rate = Property Tax.

Low Business Costs

• Low utility costs for both electricity and natural gas
• Low state and local business fees
• Affordable Worker’s Compensation rates
• Low cost of living

Links to Useful Business Sites

• Uinta County Economic Development
• Wyoming Business Council
• Wyoming Small Business Development Center
   

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