The power of our community has benefited our Sales Tax implementation again. Since beginning this project, we have had help from dozens of our customers who have helped provide clarification to how their local sales tax laws apply to races and nonprofits. This has happened again in Wyoming.
Kevin Harris, our CFOO and “taxman”, received an email with an attached letter of clarification from the State of Wyoming. The statutes say “admissions to athletic and recreational events” are taxable, which is why our tax advisors said race registration fees were taxable. However, the letter clarified that races were excluded. In their code, if something is not specifically enumerated then it is not taxable. They also included a copy of our increasingly famous Taxability Matrix.
We have updated our database and system to reflect this change this morning. Good news for runners in Wyoming!