If a blockbuster tax reform proposal from Casper Republican state Rep. Steve Harshman goes the distance, most property taxes in Wyoming would be eliminated in lieu of hiking the state sales tax by 2%.
Harshman is the sponsor of House Bill 203, which would remove all property taxes for an estimated 97% of Wyoming homeowners. In turn, the Wyoming sales tax would increase from 4% to 6%.
He told Cowboy State Daily he considers the legislation as representing the most significant tax reduction in Wyoming history, and a change to a property tax structure that has changed little since the 1800s.
The bill passed the House Revenue Committee on Tuesday 8-1, after Harshman urged the committee not to delay the proposal until the upcoming interim session.
“Our people need this and want this,” he said.
