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SF0012 • 2005

Intangible property.

AN ACT relating to taxation and revenue; providing for a definition of real property for taxation purposes; and providing for an effective date.

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Revenue
Last action
2005-02-18
Official status
enrolled
Effective date
7/1/2005

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0012HS001

Standing Committee • H03

Adopted, Corrected

Plain English: Adopted, Corrected Standing Committee by H03

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0012S2001

2nd reading • NICHOLAS

Adopted, Corrected

Plain English: Adopted, Corrected 2nd reading by NICHOLAS

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0012S2002

2nd reading • TOWNSEND

Adopted

Plain English: Adopted 2nd reading by TOWNSEND

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0012S3001

3rd reading • MOCKLER

Adopted

Plain English: Adopted 3rd reading by MOCKLER

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0012S3002

3rd reading • NICHOLAS

Adopted

Plain English: Adopted 3rd reading by NICHOLAS

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2005-02-18 LSO

    Assigned Chapter Number - 62

  2. 2005-02-18 Governor

    Governor Signed SEA0020

  3. 2005-02-16 House

    H Speaker Signed SEA No. 0020

  4. 2005-02-15 Senate

    S President Signed SEA No. 0020

  5. 2005-02-14 LSO

    Assigned Number SEA0020

  6. 2005-02-14 Senate

    S Did Concur

  7. 2005-02-14 House

    H Passed 3rd Reading

  8. 2005-02-11 House

    H Passed 2nd Reading

  9. 2005-02-10 House

    H Passed CoW

  10. 2005-02-10 House

    Amendment Adopted

  11. 2005-02-10 House

    H Amendments Adopted

  12. 2005-02-08 House

    H Placed on General File

  13. 2005-02-08 House

    H03 Recommended Amend and Do Pass

  14. 2005-02-04 House

    H Introduced and Referred to H03

  15. 2005-01-25 House

    H Received for Introduction

  16. 2005-01-21 Senate

    S Passed 3rd Reading

  17. 2005-01-21 Senate

    Amendment Adopted

  18. 2005-01-21 Senate

    Amendment Adopted

  19. 2005-01-20 Senate

    S Passed 2nd Reading

  20. 2005-01-20 Senate

    Amendment Adopted

  21. 2005-01-20 Senate

    Amendment Adopted

  22. 2005-01-20 Senate

    S Amendments Adopted

  23. 2005-01-19 Senate

    S Passed CoW

  24. 2005-01-18 Senate

    S Placed on General File

  25. 2005-01-18 Senate

    S03 Recommended Do Pass

  26. 2005-01-11 Senate

    S Introduced and Referred to S03

  27. 2005-01-10 Senate

    S Received for Introduction

  28. 2004-12-06 LSO

    Bill Number Assigned

Official Summary Text

2005 General Session Summary for SF0012

Bill
No.:
SF0012
Drafter:

MQ

LSO
No.:
05LSO-0163
Effective Date:

1/1/2005

Enrolled
Act No.:
SEA0020

Chapter
No.:
62

Prime
Sponsor:
Joint Revenue Interim Committee

Catch
Title:
Intangible property.

Subject:
Provides
for the inclusion of intangibles into the value of real property for taxation
purposes.

Summary/Major
Elements:

Amends the definition of "real property" by expressly including
any intangible which contributes to the fair market value of the real property
for property taxation purposes.

Comments:

1.

Currently, the
issue of intangibles is unsettled due to a recent Wyoming Supreme Court ruling
that the statutory definition of intangibles was not limited to the few items
listed in the definition. The issue
will be studied further during the 2005 interim by the Joint Revenue Interim
Committee. In the meantime, this bill
addresses the issue of inclusion of intangibles into the value of real
property.

2.

See SF 0009 and SF
0044.

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0012

ENROLLED ACT NO. 20, SENATE

FIFTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2005 GENERAL SESSION

AN ACT relating to taxation and revenue; providing for a definition of real property for taxation purposes; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 39
‑
11
‑
101(a)(xv) is amended to read:

39
‑
11
‑
101.

Definitions.

(a)

As used in this act unless otherwise specifically provided:

(xv)

"Real property" means land and appurtenances, including structures, affixed thereto
, and any intangible which contributes to the fair market value thereof
;

Section 2.
This act is effective January 1, 2005.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

1