Tax administration revisions.

SF 63 revises Wyoming's tax administration rules to give the Department of Revenue flexibility in handling certain taxes. It allows the department to waive or credit interest on mine product taxes as part of settlements or for valid reasons, directly affecting mining businesses and taxpayers. The bill also requires that any tax assessments or penalties from audits must be issued within one year of completing the audit. These changes aim to streamline tax enforcement and provide clearer timelines for taxpayers. The bill took effect July 1, 2023.