Online sales are popular in Laramie. That’s what the most recent Albany County sales and use tax collection totals told Laramie city staff.
During last week’s budget work session for the 2021 fiscal year the city manager Janine Jordan said that they had seen a real change in collection stemming from online sales.
A law approved by the Wyoming Legislature in 2019 expanded the taxability of online sales, explained city staff to the city council. Jordan reported that since the law went into effect in July 2019 and up until the March 2020 collections to date, there has been a 159% increase in sales tax collections.
It’s estimated that at the state level, the financial impact from online shopping will be around $7 million.
“However, decline due to the COVID-19 pandemic will offset gains in the short term,” Jordan wrote in the budget report.
Other notable major sector collections changes included a 10% decrease in construction, a 16% decrease in wholesale trade, and a 27% increase in manufacturing.
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BY Alejandra Robinson
May 21, 2020