HB0033 • 2020

Agricultural land qualification.

AN ACT relating to agricultural land; increasing the production requirements for agricultural land qualification; and providing for an effective date.

Agriculture Taxes

Did Not Pass

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

Sponsor: Revenue
Last action: 2020-02-10
Official status: inactive
Effective date: 3/1/2020

Plain English Breakdown

The official source material does not provide additional details about the bill's impact on existing classifications or its tax classification process updates.

Increasing Requirements for Agricultural Land Qualification

The bill proposes to increase the revenue requirements that agricultural land must meet to qualify as such and be taxed at a lower rate.

What This Bill Does

Raises the minimum annual gross revenue from marketing agricultural products needed to classify land as agricultural land from $500 for owned land and $1,000 for leased land to $3,000 for both types of land.

Who It Names or Affects

Farmers and ranchers who own or lease agricultural land in Wyoming.
State agencies responsible for assessing and collecting property taxes on agricultural land.

Terms To Know

Agricultural Land: Land used primarily for farming, ranching, or other agricultural activities that meets certain revenue requirements to qualify for special tax treatment.
Farmstead Structure: Buildings and structures on a farm that support the operation of the land, such as barns, silos, or houses.

Limits and Unknowns

The bill did not pass in its session.
It does not specify how the change will affect existing agricultural land classifications.

Bill History

2020-02-10 House
H Failed Introduction 27-32-1-0-0
2020-02-07 House
H Received for Introduction
2020-01-03 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

20LSO-0087
2020
STATE OF WYOMING
20LSO-0087
Numbered
2.0

HOUSE BILL NO. HB0033

Agricultural land qualification.

Sponsored by: Joint Revenue Interim Committee

A BILL

for

AN ACT relating to agricultural land; increasing the production requirements for agricultural land qualification; 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)(x)(B)(III) is amended to read:

39
‑
13
‑
103.

Imposition.

(b)

Basis of tax. The following shall apply:

(x)

The following shall apply to agricultural land:

(B)

Contiguous or noncontiguous parcels of land under one (1) operation owned or leased shall qualify for classification as agricultural land if the land meets each of the following qualifications:

(III)

If the land is not leased land, the owner of the land has derived annual gross revenues of not less than
five hundred dollars ($500.00)
three thousand dollars ($3,000.00)
from the marketing of agricultural products, or if the land is leased land the lessee has derived annual gross revenues of not less than
one thousand dollars ($1,000.00)
three thousand dollars ($3,000.00)
from the marketing of agricultural products. If a portion of the land is used for a farmstead structure, that area of the land upon which the structure is built and which supports the use of the structure shall be deemed to meet the requirements of this subdivision if the farmstead structure is part of one (1) operation that meets the requirements of this subdivision; and

Section 2
.

This act is effective January 1, 2021
.

(END)

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HB0033