Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
SF0012 • 2006
Intangible property-definition of real 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.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
SF0012S2001
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
-
2006-03-08
LSO
Assigned Chapter Number - 5
-
2006-03-08
Governor
Governor Signed SEA No. 0001
-
2006-03-06
House
H Speaker Signed SEA No. 0001
-
2006-03-06
Senate
S President Signed SEA No. 0001
-
2006-03-03
LSO
Assigned Number SEA0001
-
2006-03-03
House
H Passed 3rd Reading
-
2006-03-02
House
H Passed 2nd Reading
-
2006-03-01
House
H Passed CoW
-
2006-02-27
House
H Placed on General File
-
2006-02-27
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
SF0012 Bill Summary Bill No.: SF0012 Drafter: MQ LSO No.: 06LSO-0170 Effective Date: 3/8/2006 Enrolled Act No.: SEA0001 Chapter No.: 5 Prime Sponsor: Joint Revenue Interim Committee Catch Title: Intangible property-definition of real property. Subject: Amends the definition of real property to include intangible characteristics. Summary/Major Elements: This bill is part of the ongoing study of intangible property for ad valorem (property) tax purposes. The study is to determine which personal property intangible items should be exempted and which should be taxed. This bill amends the definition of real property to include any intangible characteristic which contributes to the fair market value of the real property. Last year the word "intangible" was added to the definition of real property so that such values could be recognized in calculating the fair market value of real property. Comments: See also Senate File 31, Intangible property-definitions, which contains the items that will be exempted from taxation as intangibles.
Current Bill Text
Read the full stored bill text
WORKING DRAFT ORIGINAL SENATE FILE NO. 0012 ENROLLED ACT NO. 1, SENATE FIFTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING 2006 BUDGET 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 characteristic which contributes to the fair market value thereof; 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 1