SF0011 • 2006

Property taxation-intangibles for 2006.

AN ACT relating to taxation and revenue; providing for the treatment of intangible property for property taxation as specified; 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: 2006-03-09
Official status: enrolled
Effective date: 3/9/2006

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.

SF0011S2001

2nd reading • SCOTT

Adopted

Plain English: Adopted 2nd reading by SCOTT

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

2006-03-09 LSO
Assigned Chapter Number - 30
2006-03-09 Governor
Governor Signed SEA No. 0020
2006-03-07 House
H Speaker Signed SEA No. 0020
2006-03-07 Senate
S President Signed SEA No. 0020
2006-03-07 LSO
Assigned Number SEA0020
2006-03-07 House
H Passed 3rd Reading
2006-03-06 House
H Passed 2nd Reading
2006-03-03 House
H Passed CoW
2006-03-01 House
H Placed on General File
2006-03-01 House
H03 Recommended Do Pass
2006-02-22 House
H Introduced and Referred to H03
2006-02-21 House
H Received for Introduction
2006-02-20 Senate
S Passed 3rd Reading
2006-02-17 Senate
S Passed 2nd Reading
2006-02-17 Senate
S Amendments Adopted
2006-02-17 Senate
Amendment Adopted
2006-02-16 Senate
S Passed CoW
2006-02-15 Senate
S Placed on General File
2006-02-15 Senate
S03 Recommended Do Pass
2006-02-13 Senate
S Introduced and Referred to S03
2006-02-13 Senate
S Received for Introduction
2005-12-05 LSO
Bill Number Assigned

Official Summary Text

SF0011 Bill Summary

Bill
No.:
SF0011

Drafter:

MQ

LSO
No.:

06LSO-0169

Effective Date:

3/9/2006

Enrolled
Act No.:

SEA0020

Chapter
No.:

30

Prime
Sponsor:

Joint Revenue Interim Committee

Catch
Title:

Property taxation-intangibles for 2006.

Subject:

Provides
for the taxation of intangible personal property for the tax year 2006.

Summary/Major
Elements:

Provides for the
treatment of intangible personal property for property taxation purposes for
the 2006 tax year.

Requires intangible
personal property to be separately identified by the taxpayer on books and
records, reports filed, federal income tax returns or other documentation
accepted by the department of revenue.

Comments:

See
also SF 12 and SF 31 as part of the ongoing study of the taxation of intangible
personal property.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0011

ENROLLED ACT NO. 20, SENATE

FIFTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2006 BUDGET SESSION

AN ACT relating to taxation and revenue; providing for the treatment of intangible property for property taxation as specified; and providing for an effective date.

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

Section 1.

(a)

For the tax year 2006, the department of revenue shall exempt from property taxation the contributory fair market value of all intangible personal property attributable to Wyoming when the intangible personal property is separately identified on the taxpayer's or parent company's:

(i)

Books and records;

(ii)

Reports filed with any state or federal regulatory agency;

(iii)

Federal income tax returns; or

(iv)

Other documentation as accepted by the department.

Section 2.
This act is effective immediately upon co
m
pletion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constit
u
tion.

(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

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