Industrial Revenue Bonds and Property Tax Exemptions
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Last checked Aug 6, 3:56 AM
D · H16
Why they voted this way
The lawmaker supports the bill because it creates an economic development incentive by allowing cities and towns to use industrial revenue bonds as a tax abatement, which has not been utilized effectively in recent years.
Why they voted this way
The lawmaker supports the bill because it addresses a program that has been unused for decades and includes an amendment to force a future review of its effectiveness.
Why they voted this way
The lawmaker supports the bill as an economic development tool that is already used across Wyoming, noting that a sunset provision was added to allow for future review.
H60
Why they voted this way
The lawmaker supports passing the bill because market conditions are changing, making it a potentially important tool with no risk to the state if unused.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
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Official activity
Changes
3 stored
The amendment adds a provision to repeal a certain subsection of the bill on July 1, 2032.
The amendment changes the duration for which industrial development projects are exempt from property taxes and removes a specific percentage requirement.
The amendment changes the deadline for certain industrial development projects to qualify for tax exemptions and adds a new rule about when these projects will no longer be exempt from property taxes.