Key figures
Wyoming accounting
2026, with sources
- Corporate income tax
- NoneWyoming does not tax corporate income or gross receipts.
- Annual report license tax
- $60 minimumOr 0.02% ($0.0002 per dollar) of assets located and employed in Wyoming, if greater.
- Asset measure
- Balance sheetCorporations with assets in several states use balance-sheet values for the Wyoming assets.
- Individual income tax
- NoneNo state tax on wages, so nothing to withhold.
No income tax at all
Wyoming has no corporate income tax, no gross receipts tax and no individual income tax. For a Delaware C-corp with a Wyoming employee or office, the state adds no income tax return, no apportionment schedule, no NOL tracking and no conformity adjustments to the federal return. The tax provision ignores Wyoming entirely.
What Wyoming does charge is an annual license tax, paid with the annual report to the Secretary of State: $60, or two-tenths of a mill ($0.0002 per dollar) on the company’s assets located and employed in Wyoming, whichever is greater. A company with assets in several states uses balance-sheet values for its Wyoming assets.
Working the license tax
The license tax is measured on assets, not income. At $0.0002 per dollar, Wyoming assets of $300,000 produce exactly the $60 minimum; a startup with a laptop and a lease deposit in Cheyenne pays $60. A company that books $2 million of equipment in a Wyoming facility pays $400.
In the books, the license tax is an operating expense in the month the report is filed, or accrued ratably if material. It isn’t an income tax and sits outside ASC 740.
The federal baseline
This page covers what Wyoming adds. The federal rules underneath it apply here too.
Common questions
Does Wyoming have a corporate income tax?
No. Wyoming has no corporate income tax and no gross receipts tax. A Delaware corporation doing business in Wyoming files no state income tax return; its only recurring state-level levy is the annual report license tax to the Secretary of State, at least $60.
What does Wyoming add to our tax provision?
Nothing for Wyoming beyond tracking the assets that sit in Wyoming for the license tax. There is no state current or deferred income tax, no apportionment and no state conformity question; the provision covers federal and the other states the company files in.
Accounting next door
- COColorado accountingA flat 4.4% corporate income tax on federal taxable income, apportioned on sales. Conformity is rolling, with a 2026 decoupling from the federal FDDEI deduction.
- IDIdaho accountingIdaho taxes corporations at a flat 5.3% with a $20 minimum, apportions by a single sales factor, and conforms to the Internal Revenue Code as of January 1, 2026, except bonus depreciation.
- MTMontana accountingMontana taxes corporations at 6.75% (7% water’s edge) with a $50 minimum, apportions by receipts alone from 2025, and still allows a three-year NOL carryback.
- NENebraska accountingNebraska taxes corporate income at a flat 4.55% for 2026, falling each year, with single-sales-factor apportionment, market sourcing and combined reporting.
- SDSouth Dakota accountingSouth Dakota has no corporate income tax, no personal income tax and no gross receipts tax for an ordinary business. Its claim on a startup is sales tax, payroll and the annual report.
- UTUtah accountingUtah’s corporate franchise and income tax is 4.45% of net income for 2026, with a $100 minimum, apportioned on sales for most companies.
Founder guides on this
- US GAAPUS GAAP for early-stage startups, in plain EnglishAccrual accounting, revenue recognition (ASC 606), leases (ASC 842), stock compensation and capitalized software: what each means for a small company.
- The closeWhy startups should close their books every monthA monthly close turns a bank balance into numbers an investor, an auditor or a 409A firm will accept. What it is, and why it gets expensive to skip.
More of the Wyoming guide
- ReceivablesReceivables and sales tax in WyomingSales tax registration, economic nexus, whether SaaS is taxable, and collecting from customers
- PayablesPayables and contractors in WyomingPaying vendors and contractors: 1099 filing, use tax, contractor tests and withholding
- PayrollPayroll taxes and employer rules in WyomingWithholding, unemployment insurance, paid leave, minimum wage and the rules on paydays
- ComplianceCompliance and filings in WyomingRegistering to do business, annual reports, franchise tax and the filing calendar
- AdvisoryAdvisory: credits and decisions in WyomingCredits, incentives and the decisions that are cheaper to get right the first time
Sources
Checked against each agency’s own page on . Rates and thresholds change, usually on January 1.
General information for US companies, not tax, legal or accounting advice for yours. Rules and thresholds change; confirm the specifics with a CPA or the agency before you act on them.