Inheritance tax fees-repeal.

Plain English Breakdown

Checked against official source text during the last sync.

Repealing Inheritance Tax Fees

This law removes fees related to state inheritance taxes.

What This Bill Does

• Removes a fee for getting a certificate that allows stock or securities of a corporation to be transferred.
• Eliminates the fee for getting a certificate showing there is no tax due on an inheritance.
• Makes these changes effective starting July 1, 2022.

Who It Names or Affects

• People who need certificates related to transferring stock or securities of a corporation.
• Individuals and entities that require proof of no inheritance tax due.

Terms To Know

Inheritance Tax

A tax on the transfer of property after someone dies.

Certificate

An official document that proves something is true or allows a certain action to happen.

Limits and Unknowns

• The bill does not specify how much money will be saved by removing these fees.
• It only affects the state of Wyoming and its inheritance tax system.
• Does not change other taxes or fees related to inheritances in Wyoming.

Official Summary Text

Bill Summary - 22LSO-0019
Bill No.:

SF0034

Effective:

7/1/2022 12:00:00 AM

LSO No.:

22LSO-0019

Enrolled Act No.:

SEA No. 0015

Chapter No.:

35

Prime Sponsor:

Joint Revenue Interim Committee

Catch Title:

Inheritance tax fees-repeal.

Subject:

Inheritance tax fees-repeal.

Summary/Major Elements:

This act repeals the fee that is required for a certificate authorizing a transfer of stock or securities of a corporation and the fee for a certificate showing that there is no tax due for purposes of the inheritance tax.
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

22LSO-0019

ORIGINAL Senate

File No
.
SF0034

ENROLLED ACT NO. 15,

SENATE

SIXTY-SIXTH LEGISLATURE OF THE STATE OF WYOMING
2022 Budget Session

AN ACT relating to taxation and revenue; repealing the collection of fees related to state inheritance taxes; and providing for an effective date.

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

Section 1
.

W.S. 39
‑
19
‑
102(a) is repealed.

Section 2
.

This act is effective July 1, 2022
.

(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