HB0103 • 2007

State assessed property.

AN ACT relating to taxation and revenue; providing for the valuation and assessment of telecommunications, cable and satellite television property 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: 2007-02-13
Official status: enrolled
Effective date: 1/1/2008

Plain English Breakdown

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

Bill History

2007-02-13 LSO
Assigned Chapter Number - 4
2007-02-13 Governor
Governor Signed HEA0004
2007-02-09 Senate
S President Signed HEA No. 0004
2007-02-09 House
H Speaker Signed HEA No. 0004
2007-02-08 LSO
Assigned Number HEA0004
2007-02-08 Senate
S Passed 3rd Reading
2007-02-07 Senate
S Passed 2nd Reading
2007-02-06 Senate
S Passed CoW
2007-01-30 Senate
S Placed on General File
2007-01-30 Senate
S03 Recommended Do Pass
2007-01-26 Senate
S Introduced and Referred to S03
2007-01-16 Senate
S Received for Introduction
2007-01-15 House
H Passed 3rd Reading
2007-01-12 House
H Passed 2nd Reading
2007-01-11 House
H Passed CoW
2007-01-10 House
H Placed on General File
2007-01-10 House
H03 Recommended Do Pass
2007-01-09 House
H Introduced and Referred to H03
2007-01-09 House
H Received for Introduction
2007-01-02 LSO
Bill Number Assigned

Official Summary Text

2007 General Session Summary for HB0103

Bill No.:
HB0103
Drafter:

MQ

LSO No.:
07LSO-0123
Effective Date:

1/1/2008

Enrolled Act No.:
HEA0004

Chapter No.:
4

Prime Sponsor:
Joint
Revenue Interim Committee

Catch Title:
State
assessed property.

Subject:
Provides for
the property tax (ad valorem) assessment of certain telecommunications
property.

Summary/Major Elements:

Includes telecommunications,
cable and satellite television in the definition of "industrial
property".

Industrial property is
assessed for property taxation purposes by the state (department of revenue).

Industrial property is
generally assessed at 11.5%, but this bill provides that telecommunications
property (previously assessed at 11.5%) and cable and satellite television
shall be assessed at 9.5% (similar to other commercial property).

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL HOUSE

BILL

NO.
0103

ENROLLED ACT NO. 4, HOUSE OF REPRESENTATIVES

FIFTY-NINTH LEGISLATURE OF THE STATE OF WYOMING
2007 GENERAL SESSION

AN ACT relating to taxation and revenue; providing for the valuation and assessment of telecommunications, cable and satellite television property as specified; 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)(xiv)(intro), (xvii)(intro) and (C) and 39
‑
13
‑
102(m) by creating a new paragraph (ix) are amended to read:

39
‑
11
‑
101.

Definitions.

(a)

As used in this act unless otherwise specifically provided:

(xiv)

"Property used for industrial purposes" means those properties valued under W.S. 39
‑
13
‑
102(m)(ii) through (viii)
, excluding W.S. 39
‑
13
‑
102(m)(vi) and (ix),
and those properties used or held for use for:

(xvii)

Beginning January 1, 1989,
"
T
axable value" means a percent of the fair market value of property in a particular class as follows:

(C)

All other property, real and personal,
including property valued and assessed under W.S. 39
‑
13
‑
102(m)(vi) and (ix),
nine and one
‑
half percent (9.5%).

39
‑
13
‑
102.

Administration; confidentiality.

(m)

The department shall annually value and assess the following property at its fair market value for taxation:

(ix)

Property of cable or satellite television companies.

Section 2.

This act is effective January 1, 2008.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk

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