HB0006 • 2015

Airline companies-assessment.

AN ACT relating to taxation and revenue; specifying that the definition of "property used for industrial purposes" includes the property of airline companies; providing for the assessment of airline companies; 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: 2015-02-25
Official status: enrolled
Effective date: 2/25/2015

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.

HB0006HS001

Standing Committee • HRevenue

Corrected, Corrected, Adopted

Plain English: Corrected, Corrected, Adopted Standing Committee by HRevenue

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

2015-02-25 LSO
Assigned Chapter Number
2015-02-25 Governor
Governor Signed HEA No. 0020
2015-02-20 Senate
S President Signed HEA No. 0020
2015-02-20 House
H Speaker Signed HEA No. 0020
2015-02-17 LSO
Assigned Number HEA No. 0020
2015-02-17 Senate
S 3rd Reading:Passed 29-0-1-0-0
2015-02-12 Senate
S 2nd Reading:Passed
2015-02-11 Senate
S COW:Passed
2015-02-10 Senate
S Placed on General File
2015-02-10 Senate
Revenue:Recommend Do Pass 5-0-0-0-0
2015-02-04 Senate
S Introduced and Referred to S03 - Revenue
2015-01-23 Senate
S Received for Introduction
2015-01-21 House
H 3rd Reading:Passed 54-6-0-0-0
2015-01-20 House
H 2nd Reading:Passed
2015-01-19 House
H COW:Passed
2015-01-16 House
H Placed on General File
2015-01-16 House
Amendment Adopted
2015-01-16 House
Revenue:Recommend Amend and Do Pass 9-0-0-0-0
2015-01-13 House
H Introduced and Referred to H03 - Revenue
2015-01-13 House
H Received for Introduction
2014-12-01 LSO
Bill Number Assigned

Official Summary Text

Summary for LSO115
Bill No.:
HB0006
Effective

Date:
2/25/2015

LSO No.:
15LSO-0145

Enrolled Act No.:
HEA 20

Chapter No.:
21

Prime Sponsor:
Joint Revenue Interim Committee

Catch Title:
Airline companies-assessment.

Subject:
Provides for the taxation of airline companies to be included in industrial property for taxation purposes.

Summary/Major Elements:

Provides that property of airline companies is to be taxed as “industrial property” for taxation purposes.
“Airline companies” is defined as those companies used for public transportation of passengers or property for hire.
Industrial property is taxed at 11.5% (compare minerals at 100%, and all other property, real and personal, at 9.5%).
The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

Read the full stored bill text

ORIGINAL
House
Bill No
.
HB0006

ENROLLED ACT NO.
20
,

HOUSE OF REPRESENTATIVES

SIXTY-THIRD LEGISLATURE OF THE STATE OF WYOMING
2015 General Session

AN ACT relating to taxation and revenue; specifying that the definition of "property used for industrial purposes" includes the property of airline companies; providing for the assessment of airline companies; 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) and
39
‑
13
‑
102(m) by
creating a new paragraph (x) 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)
(x)
, excluding W.S. 39
‑
13
‑
102(m)(vi) and (ix), and those properties used or held for use for:

39
‑
13
‑
102
.

Administration; confidentiality.

(m)

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

(x)

Property of airline companies
used for the public transportation of passengers or property for hire
.

Section
2
.

This
act is effective
immediately upon completion of all acts necessary for a bill to become law as provided by article 4, section 8 of the Wyoming constitution
.

(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

1