HB0104

Establishes a child tax credit of $200 per child for Wyoming full-time residents against taxes paid to the state.

• Creates a $200 per child tax credit for full-time Wyoming residents, limited to the total taxes paid by the person to Wyoming in the tax year. (W.S. 39-11-109(d)(i), Sec. 1)
• Requires applicants to apply to the Department of Revenue by March 1 following the tax year and provide information verifying Wyoming residency, number of dependent children, sole claim of the children as dependents, and taxes paid to Wyoming. (W.S. 39-11-109(d)(i)(A), Sec. 1)
• Allows the department to determine a reasonable amount of sales and use taxes paid, not to exceed $400, when an applicant claims only sales and use taxes without documentation. (W.S. 39-11-109(d)(i)(A)(IV), Sec. 1)
• Provides refunds to approved applicants equal to $1 of credit per $1 of taxes paid, not to exceed $200 per child, with refunds prorated if appropriated funds are insufficient. (W.S. 39-11-109(d)(i)(B), Sec. 1)
• Appropriates $5,000,000 from the general fund to the Department of Revenue to provide child tax credit refunds for the period from the effective date through June 30, 2026. (Sec. 2)
• Requires the Department of Revenue to adopt rules enabling applications for child tax credit refunds by January 1, 2026 for the 2025 tax year. (Sec. 3)

Effective: Immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution

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