National Retail Fairness Act.

HB 220 creates a new income tax on businesses operating in Wyoming, requiring them to pay tax based on their income earned within the state. It uses a three-factor formula (property, payroll, and sales) to calculate how much tax a business owes, especially for companies operating across multiple states. The Wyoming Department of Revenue will administer the tax, with strict confidentiality rules protecting business tax returns. This bill directly affects businesses with operations in Wyoming, including out-of-state companies conducting business there.