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HB0084 • 2009

Economic development-property tax exemption.

AN ACT relating to taxation and revenue; providing a property tax exemption for community development organizations as specified; and providing for an effective date.

Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Illoway
Last action
2009-03-03
Official status
inactive
Effective date
Not listed

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.

HB0084H2001

2nd reading • MCOMIE

Adopted

Plain English: Adopted 2nd reading by MCOMIE

  • 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.
HB0084H3001

3rd reading • MADDEN

Adopted

Plain English: Adopted 3rd reading by MADDEN

  • 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.
HB0084HS001

Standing Committee • H09

Adopted

Plain English: Adopted Standing Committee by H09

  • 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. 2009-03-03 Senate

    S Died In Committee

  2. 2009-02-02 Senate

    S Introduced and Referred to S03; No Report Prior to CoW Cutoff

  3. 2009-02-02 Senate

    S Received for Introduction

  4. 2009-01-29 House

    H Passed 3rd Reading

  5. 2009-01-29 House

    Amendment Adopted

  6. 2009-01-28 House

    H Passed 2nd Reading

  7. 2009-01-28 House

    Amendment Adopted

  8. 2009-01-27 House

    H Passed CoW

  9. 2009-01-27 House

    Amendment Adopted

  10. 2009-01-27 House

    H Amendments Adopted

  11. 2009-01-26 House

    H Placed on General File

  12. 2009-01-26 House

    H09 Recommended Amend and Do Pass

  13. 2009-01-14 House

    H Introduced and Referred to H09

  14. 2009-01-13 House

    H Received for Introduction

  15. 2009-01-05 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
WORKING DRAFT
2009
STATE OF
WYOMING
09LSO-0008.E1

HOUSE BILL
NO.
HB0084

Economic development-property tax exemption.

Sponsored by:
Representative(s) Illoway, Anderson, R., Buchanan and Throne and Senator(s) Bebout, Cooper, Dockstader, Meier and Ross

A BILL

for

AN ACT relating to
taxation and revenue; providing a property tax exemption for community development organizations 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
‑
105(a) by creating a new paragraph (xxxviii) is amended to read:

39
‑
11
‑
105.

Exemptions.

(a)

The following property is exempt from property taxation:

(xxxviii)

Property owned by a community development organization

as provided in this paragraph. If the community development organization's property is leased to a for profit entity it shall be exempt under this paragraph only if the lessee is a newly created business that does not generate a net profit from operations on the property in an amount greater than the property taxes that would otherwise be due, as shown by certified financial records produced to the department, and, in no event, shall the exemption exceed three (3) years for any one (1) lease to a for profit entity
. As used in this paragraph, "community development organization" means
a group of private citizens organized as a business entity authorized to do business in this state for the purpose of
working with new, existing or expanding business for the creation of new jobs, capital investment and other economic or community development benefits throughout its community
or county
, which organization is authorized as a nonprofit commercially oriented organization under 26 U.S.C. section 501(c)(6)
.
In addition, the executive head of the community development association shall certify under oath to the department that:

(A)

The organization has no private stock and does not distribute profit to its owners or members; and

(B)

The organization utilizes its real property to attract new businesses to the community for the purpose of creating new jobs, capital investment and economic development.

Section 2.

This act is effective J
anuary 1, 2010
.

(END)

1
HB0084