Wyo. Stat. § 39-11-103 (2026)

(a)   Taxable event.   The following shall apply:

          (i) Property subject to taxation. All property
within Wyoming is subject to taxation as provided by this act
except as prohibited by the United States or Wyoming
constitutions or expressly exempted by W.S. 39-11-105;

          (ii) Provisions for assessing tax. The board and
department shall not compromise or reduce the tax liability of
any person owing a tax to the state of Wyoming, except that the
department for good cause, may, but is not required to,
compromise and settle with the taxpayer for payment of any taxes
owed to the state of Wyoming which tax liability is disputed in
good faith by the taxpayer and which liability has not been
settled in law. In case the department and the person owing the
tax do not agree with respect to tax liability, the department
shall by order, assess and levy the full amount of tax due and
any person aggrieved by the assessment may appeal the decision
to the board pursuant to the Wyoming Administrative Procedure
Act.

     (b) Basis of tax. There are no specific applicable
provisions for the basis of tax for this chapter.

     (c) Taxpayer. There are no specific applicable provisions
for the taxpayer for this chapter.