Bill would use income tax to fund education
January 24, 2019
CHEYENNE — Two Democratic lawmakers hope to launch meaningful income tax discussions in Wyoming with the introduction of new legislation.
House Bill 233, introduced Thursday, would impose a 4 percent tax on residents and corporations earning more than $200,000 in taxable income a year.
Sponsors of the bill say the tax would raise an additional $208 million annually for the Wyoming Department of Education's School Foundation Program, which oversees public school funding.
This would undoubtedly solve the state's education funding woes, said Sen. Chris Rothfuss, D-Laramie, who is sponsor...