Back to Wyoming
Wyoming2010Inactive

HB0040

HB0040: Tax Increment Financing for Municipal Improvements

Last scannedOct 19, 2026, 2:19 AM

In one sentence

This bill proposes a law allowing Wyoming cities and towns to use future tax increases to pay for public projects in specific areas of up to 40 acres.

What it does

  • Creates new state laws (W.S. 15-9-301 through 15-9-309) for tax increment financing.
  • Allows municipalities to use future property and excise tax increases to fund public improvements.
  • Limits the size of a designated financing area to no more than 40 acres.
  • Requires municipalities to hold public hearings and share economic plans before creating a financing area.
  • Defines what counts as a public improvement, such as streets, water systems, and parks.

Who it affects

  • Municipal governing bodies of cities and towns in Wyoming.
  • County assessors and the state department of administration and information.
  • Property owners and businesses within designated increment areas.

Limits and unknowns

  • The bill is marked as inactive, meaning it did not pass in the 2010 session.
  • The provided text is a working draft and cuts off before the full procedure for creating an area is listed.
  • The bill does not specify how long the financing period lasts or how the area is removed after the project is done.

Plain language

Terms to know

Increment area
A specific geographic area, up to 40 acres, where taxes are used to fund public projects.
Tax allocation base value
The starting value of property taxes and excise taxes in the area before the project begins.
Public improvements
Projects like building roads, water systems, sidewalks, and parks.

Official record

Sources

Source checked

Public statements

Why lawmakers voted

Last checked Aug 8, 6:36 AM

Voted Yes

Why they voted this way

The lawmaker urges an aye vote on the bill, noting that it is somewhat controversial and should be further debated.

Public statementFloor statement at 1:09:45 Watch the statement
Voted Yes

Why they voted this way

The lawmaker explains the bill is a common development tool used in forty-eight states that allows local governments to dedicate new tax revenues from businesses to public improvements.

Public statementFloor statement at 1:10:12 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

2 roll calls

Official activity

Bill history

  1. H Committee Returned Bill Pursuant to HR 4-3(c)House
  2. H Introduced and Referred to H03;No Report Prior to COW Cutoff; Intro VoteHouse
  3. H Received for IntroductionHouse
  4. Bill Number AssignedLSO