Property tax-assessment rate.

WORKING DRAFT
2009
STATE OF
WYOMING
09LSO-0047

SENATE FILE
NO.
SF0055

Property tax-assessment rate.

Sponsored by:
Senator(s) Bebout and Larson

A BILL

for

AN ACT relating to taxation and revenue; providing for the property tax assessment rate for certain property as specified;
providing a time limitation; 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
‑
103(b)(iii)(intro)
, (B)
and (C) is amended to read:

39
‑
13
‑
103.

Imposition.

(b)

Basis of tax. The following shall apply:

(iii)

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

(B)

Property used for industrial purposes,
eleven and one-half percent (11.5%)
, except for the period January 1, 2010 through December 31, 2011,
eleven
percent (
11
%)
;

(C)

All other property, real and personal,
nine and one
-
half percent (9.5%)
, except for the period January 1, 2010 through December 31, 2011,
nine
percent (
9
%)
.

Section 2.
There is appropriated from the general fund to the state treasurer f
ifty
million dollars ($
50
,000,000.00), or
as
much thereof as
is
necessary for the purposes of this act. The purpose of the appropriation is to reimburse local governments for any loss in property tax revenue under this act for property taxes levied and assessed in calendar years 2010 and 2011, except for any mills levied under W.S. 39
‑
13
‑
104(a)(iv). Funds appropriated under this section shall not lapse or revert until June 30, 2012.

Section
3
.
This act is effective January 1, 2010.

(END)

1
SF0055