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Illinoiscorporate tax inWyoming
No Corporate Income Tax — 0% rate (some impose a gross receipts tax instead)

Wyoming

Top Rate
None
Rate Structure
None
Franchise Tax
Yes
Gross Receipts Tax
No
S-Corp Recognized
Yes

Corporate Income Tax Rate at a Glance

Wyoming imposes NO CORPORATE INCOME TAX on C-corporations. Wyoming's rate structure is classified as "None" for purposes of this comparison.

Rate Structure (Flat vs. Graduated)

Wyoming has no corporate income tax and no gross receipts tax. The state has no individual income tax either. Wyoming relies primarily on severance taxes (mineral extraction), property taxes, and sales taxes.

Franchise Tax / Annual Privilege Tax

Wyoming imposes an annual License Tax on LLCs and corporations: the greater of $60 or $0.0002 per dollar of in-state assets. This is the only state-level entity-level tax in Wyoming.

S-Corp & Pass-Through Treatment

S-corps, partnerships, and LLCs are not subject to any Wyoming corporate income tax (since none exists). All business entities pay only the $60+ annual License Tax. Wyoming has no individual income tax, so pass-through income is generally not taxed at the state level.

Official State Revenue Department

For current corporate tax rules in Wyoming, consult the state's official source at https://revenue.wyo.gov/. Rates and rules change annually — verify with a qualified tax professional before taking any action.

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Related guides

Wyoming Department of Revenue: https://revenue.wyo.gov/
Law last updated: 2025Row last reviewed: Apr 26, 2026

Corporate income tax rates change frequently as states enact reform packages and phase-down schedules. Always verify current rates with the state's department of revenue and your tax advisor before making business decisions. This information is for educational purposes only and is not tax or legal advice.