Wyoming Constitution article 15. Taxation and Revenue.
Wyoming Constitution – Article 15: Taxation and Revenue
Article 15 of the Wyoming Constitution governs the taxation and revenue system in the state. It outlines the principles, limits, and mechanisms for levying and collecting taxes, ensuring both fairness and adequate funding for government functions.
🔹 Key Sections and Provisions of Article 15:
Section 1 – Taxation Must Be Uniform
All taxes shall be uniform on the same class of subjects within the territorial limits of the authority imposing the tax.
Property is to be assessed at full value, as prescribed by law.
Section 2 – Property Tax Exemptions
Exemptions may be granted for:
Government-owned property
Religious, educational, and charitable institutions
Personal property under certain limits
Veterans and the elderly (as defined by statute)
Section 3 – State Board of Equalization
A board is established to ensure equalization of taxes across counties and localities.
Section 4 – County and Municipal Tax Limits
Counties and municipalities may only levy taxes up to specific constitutional limits, unless approved by voters.
Section 6 – Mining and Natural Resource Taxation
Taxes on the gross product of mines and net proceeds are mandated.
Royalties and severance taxes on coal, oil, gas, and other natural resources are addressed.
Section 13 – Taxation of Corporations
Corporations are taxed on the same basis as individuals unless specially regulated.
Section 14 – Inheritance and Income Taxes
The legislature may impose inheritance taxes.
State income taxes are permitted, but Wyoming currently does not levy a personal or corporate income tax.
Section 18 – School Funding
Revenue from certain taxes must support public schools.
Section 19 – Budget Stabilization
Provisions ensure reserve funds and limitations on use of certain revenues.
✅ Summary:
Article 15 of the Wyoming Constitution sets the framework for a fair, balanced, and locally accountable taxation system. It emphasizes:
Uniformity and equity
Limits on taxation power
Special provisions for natural resources
Protection of public institutions and school funding
This structure helps Wyoming maintain low tax burdens while effectively funding public services, especially through revenues from natural resources.
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