Wyoming taxes

Wyoming has no personal income tax and no corporate income tax. A sole proprietor with no LLC owes Wyoming nothing and files nothing. Every LLC, partnership and corporation files an annual report with the Secretary of State and pays a license tax with it: at least $60, and more for a business with substantial assets in Wyoming. It is owed whether or not the business made money.

Personal income tax

Wyoming does not tax the income of individuals, so there is no Wyoming personal return to file. It has never had a personal income tax.

The state is funded mostly by taxes on minerals and by property tax, and neither appears on a personal return.

Sole proprietor

A sole proprietor with no LLC files no annual report and owes no license tax, because both are charged to registered entities. With no personal or corporate income tax either, there is nothing to file with Wyoming for the business.

Forming an LLC would start the license tax, at least $60 a year.

Single-member LLC

Every Wyoming LLC files an annual report with the Secretary of State each year, however few members it has. It is due on the first day of the month the LLC was formed in. The license tax comes with it: $60, or a charge based on the assets the LLC keeps and uses in Wyoming, whichever is more.

It is owed whatever the LLC earned. Wyoming has no income tax, so this is usually all the state wants.

Partnership

There is no income tax return for a Wyoming partnership. What it files instead is the annual report with the Secretary of State, due on the first day of the month it was formed in. The license tax comes with it: at least $60, and more for a business with substantial assets in Wyoming. It is owed whether or not the year made money.

Because there is no tax return, the report is easy to forget, with no tax season to remind you. Missing it costs money as well as the business's good standing.

S corporation

There is no income tax return for a Wyoming S corporation. What it files instead is the annual report with the Secretary of State, due on the first day of the month it was formed in. The license tax comes with it: at least $60, and more for a business with substantial assets in Wyoming. It is owed whether or not the year made money.

Because there is no tax return, the report is easy to forget, with no tax season to remind you. Missing it costs money as well as the business's good standing.

C corporation

There is no income tax return for a Wyoming corporation. What it files instead is the annual report with the Secretary of State, due on the first day of the month it was formed in. The license tax comes with it: at least $60, and more for a business with substantial assets in Wyoming. It is owed whether or not the year made money.

Because there is no tax return, the report is easy to forget, with no tax season to remind you. Missing it costs money as well as the business's good standing.

Corporate income tax

None

Return

Annual report and license tax

License tax

At least $60, more with substantial Wyoming assets

Estimate your state tax

Pick your business type and enter this year's numbers to see the state business tax Wyoming charges. It assumes all your sales are in Wyoming.

An estimate for planning, not tax advice.

Sources

• Wyoming Department of Revenue: no individual income tax has ever been enacted
• sos.wyo.gov Annual Report and License Tax Rules
• sos.wyo.gov Business Entities FAQs
• sos.wyo.gov Business Division Filing Fee Schedule

Last reviewed August 2026.