Ad valorem-confidentiality exception.

Plain English Breakdown

The official summary and text do not provide additional details beyond what is already stated, so no further information could be added without speculation.

Ad Valorem Tax Information Release

This law allows certain tax information to be shared with new property owners when tangible personal property is sold.

What This Bill Does

• Creates an exception that lets the release of specific taxpayer information under ad valorem taxation rules.
• Allows disclosing a list of taxable tangible personal property to a new owner after it has been transferred.

Who It Names or Affects

• Taxpayers who sell or transfer tangible personal property.
• New owners of taxable tangible personal property.
• Government officials and employees involved in ad valorem taxation.

Terms To Know

Ad Valorem Taxation

A type of tax based on the value of a piece of property, such as real estate or personal items.

Taxpayer Returns and Return Information

Documents submitted to the government that show how much tax someone owes or has paid.

Limits and Unknowns

• The law only allows for limited information about tangible personal property to be shared.
• It does not change other rules about keeping taxpayer information private in general.

Official Summary Text

Bill Summary - 20LSO-0109
Bill No.:

SF0019

Effective:

7/1/2020 12:00:00 AM

LSO No.:

20LSO-0109

Enrolled Act No.:

SEA No. 0007

Chapter No.:

44

Prime Sponsor:

Joint Revenue Interim Committee

Catch Title:

Ad valorem-confidentiality exception.

Subject:

Tax information confidentiality.

Summary/Major Elements:

Under Wyoming's ad valorem tax statutes, taxpayer returns and return information are generally confidential except in certain circumstances.

The bill creates a new exception, allowing for the release of tax information, concerning tangible personal property being sold, to the new owner of that taxable property.
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

20LSO-0109

ORIGINAL Senate

File No
.
SF0019

ENROLLED ACT NO. 7,

SENATE

SIXTY-FIFTH LEGISLATURE OF THE STATE OF WYOMING
2020 Budget Session

AN ACT relating to ad valorem taxation; authorizing the release of limited taxpayer information as specified; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 39
‑
13
‑
102(q)(ii) by creating a new subparagraph (E) is amended to read:

39
‑
13
‑
102.

Administration; confidentiality.

(q)

Confidentiality. The following shall apply:

(ii)

Without written authorization from the taxpayer, no current or former official, officer, employee or agent of the state of Wyoming or any political subdivision thereof shall release taxpayer returns and return information pertaining to taxes imposed by this chapter, except:

(E)

An itemized list of the taxpayer's taxable tangible personal property provided to the assessor pursuant to W.S. 39
‑
13
‑
107(a)(i) may be disclosed to a new owner of property that is the subject of the taxpayer's returns or return information upon a transfer of that taxable tangible personal property to the new owner.

Section 2
.

This act is effective July 1, 2020
.

(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