Manufacturing Tax Exemption Advances

Cheyenne, WY – A plan to create a tax exemption for manufacturing equipment is still moving forward in the legislature. After passing the Wyoming House, the bill received first round approval in the Senate Wednesday. Senator Bob Peck says it's a tool for economic development. Peck says it's a far-sighted way to encourage present businesses to stay and expand and attract new manufacturing companies. But Senator Cale Case says it's an expensive tool to try to get companies to come to Wyoming. He prefers the state reduce the sales tax from four to three percent.