On July 10, 2025, the Wyoming State Legislature passed a comprehensive tax reform bill designed to increase revenue for the state. The legislation, which was championed by Governor Sarah Thompson, aims to address Wyoming's budget shortfall and diversify the state's revenue sources.The tax reform bill includes a number of key provisions, including an increase in the state sales tax from 4% to 5%, as well as an expansion of the sales tax to include certain services that were previously exempt. Additionally, the legislation imposes a new tax on digital goods and services, such as streaming services and digital downloads.In a statement following the bill's passage, Governor Thompson emphasized the importance of fiscal responsibility and ensuring that Wyoming's budget is balanced. She stated, "This tax reform bill is a critical step towards ensuring that Wyoming's budget is sustainable and that we can continue to provide essential services to our residents."The legislation also includes measures to provide tax relief for low and middle-income residents. The bill increases the state's standard deduction for individuals and families, as well as creating a tax credit for families with children.Supporters of the tax reform bill argue that it is necessary to address Wyoming's budget challenges and ensure that the state remains financially stable. They point to the need to diversify the state's revenue sources and reduce reliance on revenue from the energy sector.However, opponents of the legislation have raised concerns about the potential impact on consumers and businesses, particularly small businesses that may struggle to absorb the increased costs. Critics also argue that the tax reform bill does not do enough to address long-term budget challenges facing the state.Overall, the passage of the tax reform bill represents a significant milestone for Wyoming's fiscal future. The legislation is expected to generate an estimated $100 million in additional revenue for the state, providing much-needed funding for essential services and infrastructure projects. Governor Thompson has indicated that she plans to sign the bill into law in the coming days, marking a major victory for her administration and the state as a whole.