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State focusing remaining CARES dollars on business tax relief

Mount Equity Group Tokyo, Japan > News > Business > State focusing remaining CARES dollars on business tax relief

The Wyoming State Capitol lit up at night during the 2020 session. (Mike Vanata/WyoFile)

July 22, 2021 by Joel Funk, WyoFile

CHEYENNE — Wyoming’s plans for more than $1 billion in federal recovery funds related to the COVID-19 pandemic took on more definition Monday with an emphasis on tax relief for businesses. 

Multiple pieces of federal legislation have amounted to more than $8 billion in COVID-19 relief for Wyoming. The lion’s share of that money was in the form of direct payments to individuals, with the second largest in direct aid to businesses. 

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The state had $1.25 billion available in discretionary funds from the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, a $2.2-trillion bill signed by former President Donald Trump in March 2020. The second major stimulus bill, The American Rescue Plan Act, or ARP, passed earlier this year, is a…

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