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Washakie County is business-friendly and boasts a 6% sales tax, low property taxes, and no personal income tax, no corporate income tax, and no inventory taxes at a state or local level. Manufacturing equipment is exempt from sales and use taxes and farm equipment is exempt from sales tax.
This business friendly tax structure in Wyoming helps businesses suceed by offering some of the lowest tax rates in the nation. In addition to favorable incorporation laws, a business license isn't required.