HB0172 • 2021

Veterans' property tax exemption-amendments.

AN ACT relating to taxation and revenue; amending the value of the veterans' property tax annual exemption; specifying applicability; requiring rulemaking; and providing for effective dates.

Budget Taxes

Inactive

Wyoming marks this bill as inactive, which usually means it is no longer moving in the current session.

Sponsor: Appropriations
Last action: 2021-04-07
Official status: inactive
Effective date: 3/1/2021

Plain English Breakdown

Checked against official source text during the last sync.

Amending Veterans' Property Tax Exemption

This act changes the amount of property tax exemption for veterans in Wyoming.

What This Bill Does

Changes the annual property tax exemption for veterans from $3,000 to $2,100.
Requires that this change applies to taxes assessed on or after January 1, 2021.
Needs the Department of Revenue to make rules about how to follow this law.

Who It Names or Affects

Veterans who own property in Wyoming and pay property tax.

Terms To Know

Exemption: A reduction or exclusion from paying a certain amount of taxes.

Limits and Unknowns

The bill is marked as inactive, meaning it did not pass in the current session.
It does not specify how many veterans will be affected by this change.

Bill History

2021-04-07 House
H:Died in Committee Returned Bill Pursuant to HR 5-4
2021-03-24 House
H No report prior to CoW Cutoff
2021-03-09 House
H08 - Transportation:Do Pass Failed 4-5-0-0-0
2021-03-03 House
H Introduced and Referred to H08 - Transportation
2021-03-02 House
H Received for Introduction
2021-03-01 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

21LSO-0553
2021
STATE OF WYOMING
21LSO-0553
Numbered
2.0

HOUSE BILL NO. HB0172

Veterans' property tax exemption-amendments.

Sponsored by: Joint Appropriations Committee

A BILL

for

AN ACT relating to taxation and revenue; amending the value of the veterans' property tax annual exemption; specifying applicability; requiring rulemaking; and providing for effective dates.

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

Section 1
.

W.S. 39
‑
13
‑
105(b) is amended to read:

39
‑
13
‑
105.

Exemptions.

(b)

The exemption for veterans is limited to an annual exemption of
three thousand dollars ($3,000.00)
two thousand one hundred dollars ($2,100.00)
of assessed value.

Section 2
.

This act shall apply to ad valorem tax assessed on and after January 1, 2021.

Section 3.

The department of revenue shall promulgate all rules necessary to implement the provisions of this act.

Section 4
.

(a) Except as provided in subsection (b) of this section, this act is effective June 1, 2021
.

(b) Sections 3 and 4 of this act
are 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)

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HB0172