tax

A new law allowed resort communities to ask voters for a temporary 1% tax for specific projects.

Opponents contended that the tax increase was unfair and unnecessary.

Proponents say a production tax on electricity generation could provide a much-needed alternative revenue source for the cash-hungry state.

Opponents of the bill say it is potentially unconstitutional as it could give national chains that are not publicly traded an unfair advantage.

Town Manager Dan Sabolsky says if voters approve the tax hike in November, it would raise an estimated $1.2 million annually.

The state Department of Transportation estimates the tax increase would bring in about $20 million annually.

Because of possible major adverse impacts on the U.S. economy, some Republican senators and business leaders have denounced the proposal.

The bill's defeat marks the end of any significant tax revenue options for Wyoming this year.

Proponents say the proposal will help Wyoming compete with neighboring states that currently spend more on tourism promotion.

In addition, the proposal would have subjected electronic cigarettes to state taxes.