Home owner's tax credit.

WORKING DRAFT
2008
STATE OF
WYOMING
08LSO-0142

HOUSE BILL
NO.
HB0104

Home owner's tax credit.

Sponsored by:
Representative(s) Davison and Martin and Senator(s) Cooper

A BILL

for

AN ACT relating to taxation and revenue; providing for the home owner's tax credit as specified;
removing acreage requirement;
providing for qualifying property; providing an appropriation; and providing for an effective date.

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

Section 1.

W.S. 39
‑
13
‑
109(d)(i)(D)(intro) is amended to read:

39
‑
13
‑
109.

Taxpayer remedies.

(d)

Credits. The following shall apply:

(i)

The following shall apply to the home owner's tax credit:

(D)

The tax credit under subparagraph (A) of this paragraph is one thousand four hundred sixty dollars ($1,460.00) times the mill levy to be applied against the property
, not to exceed two hundred dollars ($200.00),
if the dwelling
and land, not to exceed two (2) acres on which the dwelling is located, have

has
a
combined

assessed
fair market
value of
less
not more
than
three thousand nine hundred dollars ($3,900.00), or five hundred ninety dollars ($590.00) times the mill levy to be applied against the property if the dwelling and land, not to exceed two (2) acres on which the dwelling is located, have a combined assessed value of at least three thousand nine hundred dollars ($3,900.00) but less than five thousand eight hundred fifty dollars ($5,850.00)
three hundred thousand dollars ($300,000.00) as determined by the county assessor
and if:

Section 2.

W.S. 39
‑
13
‑
109(d)(i)(E) is repealed.

Section 3.

(a)

There is appropriated
seventeen
million
seven hundred thousand
dollars ($
17
,
7
00,000.00)
from the
general
fund to the
state treasurer
. This appropriation shall be for the period beginning with the effective date of this act and ending June 30, 2010.

(b)

This appropriation shall only be expended for the purpose of
this act.
Notwithstanding any other provision of law, this appropriation shall not be transferred or expended for any other purpose and any unexpended, unobligated funds remaining from this appropriation shall revert as provided by law on
June 30, 2010.

(c)

This appropriation shall not be included in the
state treasurer's
2011-2012 standard biennial budget request.

Section 4.

This act is effective January 1, 2009.

(END)

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HB0104