Governor Gordon Provides Tax Relief to Wyoming Businesses

CHEYENNE, Wyo. – Governor Mark Gordon has signed an Executive Order (EO) that will provide significant tax relief to eligible Wyoming businesses. This will come in the form of a tax credit and by offsetting some potential increases to their unemployment insurance (UI) taxes in the future. 

Executive Order 2021-08 removes all UI benefit claims between March 13 and Dec. 31, 2020, from the businesses whose accounts were charged for those claims. The EO was authorized by the Legislature in 2020 and it ensures that these employers do not continue to experience significant UI tax rate increases due to the system-wide surge in unemployment claims that occurred due to the COVID-19 pandemic. It will also provide credits to employers who experienced increased unemployment taxes already paid in 2021. 

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