Finance
Wyoming's Department of Revenue does NOT collect which of the following taxes related to real estate?
AProperty taxes (these are collected by counties)
BState income tax on capital gains from real estate sales✓ Correct
CMineral excise taxes related to energy production
DSales tax on some construction materials
Explanation
Wyoming has no state income tax, so there is no state income tax on capital gains from real estate sales. Wyoming does collect property taxes (through counties), mineral severance taxes, and sales taxes on certain goods. The absence of income tax is a significant advantage for real estate investors.
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