Wyoming Liberty Group: House Bill 220 Could Have Hidden Impacts
A spokesman for the Wyoming Liberty Group says a corporate income tax bill pending in the Wyoming Legislature could have hidden costs.
House Bill 220 would impose a corporate income tax on companies with over 100 shareholders who are active in at least 29 states and who also do business in Wyoming. Philip Baron says he thinks the bill could pave the way for a statewide corporate income tax within the next few years and could have hidden costs as well.
The bill has extensive bipartisan support among the leadership of both houses of the Wyoming Legislature. It has already passed the state House, and is currently pending in the Wyoming Senate
Baron sat down with KGAB radio's Glenn Woods to discuss what he sees as the problems posed by the bill.