When it comes to tax-friendly states, Wyoming is hard to beat. In fact, the Tax Foundation awarded Wyoming the number-one spot in their 2025 State Tax Competitiveness Index.
Keep reading to learn more about Wyoming’s business tax climate, tax incentives, and financing resources.
Do Wyoming business owners pay taxes?
Yes, Wyoming business owners pay taxes—but not as many as business owners in other states. Wyoming business owners have to pay federal business taxes, but they don’t have to pay state taxes on their income. In Wyoming, there’s no:
Corporate income tax
Individual income tax
Inventory tax
Franchise tax
Wyoming still imposes sales and use taxes on business purchases and personal property, but the tax rates—at 4%—are among the lowest in the country.
Check out our guide for a more detailed breakdown of Wyoming business tax responsibilities.
Does Wyoming have business tax incentives?
No, Wyoming doesn’t offer any business-specific tax credits or incentives, because business owners are exempt from paying state income taxes. However, Wyoming does offer a couple of sales tax exemptions. Business owners don’t have to pay sales taxes on purchases of:
Manufacturing equipment
Electricity and gas used in the manufacturing process
Business financing in Wyoming
Alongside its helpful tax policies, Wyoming also has a variety of state-run financing programs for business owners at all stages. Bookmark Gusto’s guide to grants and loans in the Cowboy State to see what your options are.
For practical tips on running a business in Wyoming, check out these posts, too:
