Yin Starts Income Tax Discussion in Cheyenne

Teton County State Representative Mike Yin would like to see Wyoming levy an income tax to help the state through its fiscal problems. Representative Mike Yin is the primary sponsor for House Bill 182, which proposes a flat 4% income tax for all Wyoming residents, which could raise an estimated $337 million a year for education funding.

Yin says his goal with the bill, which has not yet been introduced or referred to a committee, is to get legislators discussing funding options for the state. A state-level income tax has been proposed a number of times in the past but has been regularly rejected by the Legislature.

However, Yin says with lawmakers currently eyeing millions of dollars in cuts for the state’s schools, officials have to look at doing anything they can to maintain needed services.

 

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