Insurance payments-not taxable.

HB 113 exempts insurance payments used to replace damaged vehicles from Wyoming's sales and use tax. It allows owners to apply insurance payouts toward purchasing new cars, house trailers, or similar vehicles within 90 days of receiving the payment without paying tax on that amount. The exemption applies specifically when the insurance payment replaces a vehicle damaged in a claim, preventing double taxation on the same vehicle. This change directly affects vehicle owners who receive insurance settlements for damaged vehicles and buy replacements.