HB0023 • 2022

Agricultural land qualifications-annual gross revenues.

AN ACT relating to taxation and revenue; amending qualifications relating to classifying parcels of land as agricultural land for purposes of ad valorem taxation; and providing for an effective date.

Agriculture Land Taxes

Did Not Pass

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

Sponsor: Revenue
Last action: 2022-02-15
Official status: inactive
Effective date: 3/1/2022

Plain English Breakdown

The official source material does not provide specific details on how many landowners will be affected by the proposed changes in revenue requirements.

Changing Rules for Agricultural Land Tax

The bill proposes to change the requirements needed to classify land as agricultural land for tax purposes in Wyoming.

What This Bill Does

Amends the qualifications relating to classifying parcels of land as agricultural land for ad valorem taxation by increasing the minimum annual gross revenue required from marketing agricultural products.
Raises the threshold for non-leased land from $500 to $5,000 and for leased land from $1,000 to $5,000.
Allows farmstead structures on qualifying land to be exempt if they support one operation that meets revenue requirements.

Who It Names or Affects

Landowners who want their property classified as agricultural land for tax purposes.
Tax authorities responsible for classifying and taxing agricultural land.

Terms To Know

Ad valorem taxation: A type of tax based on the assessed value of a piece of property.
Farmstead structure: Buildings or structures located on agricultural land that are used for farming activities.

Limits and Unknowns

The bill did not pass and was not enacted into law.
It is unclear how many landowners will be affected by the proposed changes in revenue requirements.

Bill History

2022-02-15 House
H Failed Introduction 34-25-1-0-0
2022-02-11 House
H Received for Introduction
2022-01-06 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

22LSO-0207
2022
STATE OF WYOMING
22LSO-0207
Numbered
2.0

HOUSE BILL NO. HB0023

Agricultural land qualifications-annual gross revenues.

Sponsored by: Joint Revenue Interim Committee

A BILL

for

AN ACT relating to taxation and revenue; amending qualifications relating to classifying parcels of land as agricultural land for purposes of ad valorem taxation; 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,
T
he owner
or lessee
of the land has derived annual gross revenues of not less than
five hundred dollars ($500.00)
five thousand dollars ($5,000.00)
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) 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 July 1, 2022
.

(END)

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HB0023