SF0111 • 2018

Property taxation-digital currencies.

AN ACT relating to property taxation; exempting virtual currencies from property taxation; and providing for an effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Senator Driskill
Last action: 2018-03-12
Official status: enrolled
Effective date: 3/10/2018

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.

SF0111HS001

Standing Committee • HMinerals

Failed

Plain English: Failed Standing Committee by HMinerals

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

2018-03-12 Governor
Governor Signed SEA No. 0034
2018-03-12 LSO
Assigned Chapter Number 45
2018-03-08 House
H Speaker Signed SEA No. 0034
2018-03-07 Senate
S President Signed SEA No. 0034
2018-03-07 LSO
Assigned Number SEA No. 0034
2018-03-07 House
H 3rd Reading:Passed 60-0-0-0-0
2018-03-06 House
H 2nd Reading:Passed
2018-03-05 House
H COW:Passed
2018-03-02 House
H Placed on General File
2018-03-02 House
H09 - Minerals:Recommend Amend and Do Pass 9-0-0-0-0
2018-03-01 House
H Introduced and Referred to H09 - Minerals
2018-02-28 House
H Received for Introduction
2018-02-27 Senate
S 3rd Reading:Passed 30-0-0-0-0
2018-02-23 Senate
S 2nd Reading:Passed
2018-02-22 Senate
S COW:Passed
2018-02-21 Senate
S Placed on General File
2018-02-21 Senate
S12 - Rules:Recommend Do Pass 5-0-0-0-0
2018-02-20 Senate
:Rerefer to S12 - Rules
2018-02-16 Senate
S Introduced and Referred to S03 - Revenue 26-3-1-0-0
2018-02-15 Senate
S Received for Introduction
2018-02-14 LSO
Bill Number Assigned

Official Summary Text

Bill Summary

Bill No.:
SF0111
Effective
:
Immediately

LSO No.:
18LSO-0509

Enrolled Act No.:
SEA No. 0034

Chapter No.:
45

Prime Sponsor:
Driskill

Catch Title:
Property taxation-digital currencies.

Subject:
Exemption from property taxation for
virtual
currencies.

Summary/Major Elements:

Exempts
virtual
currencies from property taxation.

“Virtual currency” is defined as any type of digital representation of value that is:
U
sed for exchange, accounting or to store value; and
N
ot recognized as legal tender.

Comments:

Effective immediately.

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
Senate
File No
.
SF0111

ENROLLED ACT NO. 34,

SENATE

SIXTY-FOURTH LEGISLATURE OF THE STATE OF WYOMING
2018 Budget Session

AN ACT relating to property taxation; exempting virtual currencies from property taxation; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:
Section
1
.

W.S. 39
‑
11
‑
105
(b)(vi)
(A)
is
amended to read:

39
‑
11
‑
105
.

Exemptions.

(b)

The following shall be exempt from property taxation:

(vi)

Any of the following intangible items:

(A)

Money and cash on hand including currency, gold, silver and other coin, bank drafts, certified checks
,

and
cashier
'
s checks
;

and
virtual
currencies
.
As used in this subparagraph,
"
virtual
currency
"
means
any type of digital representation of value that:

(I)

Is used as a medium of exchange, unit of account or store of value; and

(II)

Is not recognized as legal tender by the United States government.

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
Senate
.

Chief Clerk

1