SF0039
Changes to Property Transfer Statements
In one sentence
The bill revises requirements for statements of consideration when transferring real property in Wyoming.
What it does
- Revises the information needed on statements when property is transferred.
- Specifies that certain details about payment and value can be omitted from the statement under specific conditions.
- Moves rules related to reviewing these statements from one part of the law to another.
Who it affects
- People who transfer real estate in Wyoming
- County clerks who record property transactions
Limits and unknowns
- The bill does not specify which types of property transfers can leave out certain details.
- It is unclear how the changes will affect property tax assessments and valuations.
Plain language
Terms to know
- statement of consideration
- A document that lists details about a property sale, like the price and terms.
- county clerk
- An official who records documents related to property transfers in Wyoming counties.
Official record
Sources
Official summary
Bill Summary - 20LSO-0092 Bill No.: SF0039 Effective: 7/1/2020 12:00:00 AM LSO No.: 20LSO-0092 Enrolled Act No.: SEA No. 0027 Chapter No.: 72 Prime Sponsor: Joint Revenue Interim Committee Catch Title: Statements of consideration. Subject: Statements of consideration. Summary/Major Elements: The act revises requirements related to statements of consideration for transfers of real property by specifying the information that is required to be provided for all property transfers. The act also specifies that certain information related to the amount paid and the value of the property may be omitted from the statement of consideration for specific types of property transfers. The act relocates provisions related to the review of statements of consideration from title 34 to title 39 of the Wyoming statutes. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Why lawmakers voted
Last checked Aug 6, 3:56 AM
Wyoming roll calls
Recorded votes
5 roll calls
H 3rd Reading:Passed 51-7-2-0-02020-03-06 · House51 yes 7 no
- Yes
- 51
- No
- 7
- Absent
- 0
- Excused
- 2
- Conflict
- 0
Yes 51
No 7
H03 - Revenue:Recommend Do Pass 8-0-1-0-02020-03-02 · House8 yes 0 no
- Yes
- 8
- No
- 0
- Absent
- 0
- Excused
- 1
- Conflict
- 0
S 3rd Reading:Passed 29-0-1-0-02020-02-14 · Senate29 yes 0 no
- Yes
- 29
- No
- 0
- Absent
- 0
- Excused
- 1
- Conflict
- 0
Yes 29
Excused 1
S03 - Revenue:Recommend Do Pass 5-0-0-0-02020-02-11 · Senate5 yes 0 no
- Yes
- 5
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
S Introduced and Referred to S03 - Revenue 29-0-1-0-02020-02-10 · Senate29 yes 0 no
- Yes
- 29
- No
- 0
- Absent
- 0
- Excused
- 1
- Conflict
- 0
Yes 29
Excused 1
Official activity
Bill history
- Assigned Chapter Number 72LSO
- Governor Signed SEA No. 0027 Governor
- H Speaker Signed SEA No. 0027House
- S President Signed SEA No. 0027Senate
- Assigned Number SEA No. 0027LSO
- H 3rd Reading:Passed 51-7-2-0-0House
- H 2nd Reading:PassedHouse
- H COW:PassedHouse
- H Placed on General FileHouse
- H03 - Revenue:Recommend Do Pass 8-0-1-0-0House
- H Introduced and Referred to H03 - RevenueHouse
- H Received for IntroductionHouse
- S 3rd Reading:Passed 29-0-1-0-0Senate
- S 2nd Reading:PassedSenate
- S COW:PassedSenate
- S Placed on General FileSenate
- S03 - Revenue:Recommend Do Pass 5-0-0-0-0Senate
- S Introduced and Referred to S03 - Revenue 29-0-1-0-0Senate
- S Received for IntroductionSenate
- Bill Number AssignedLSO