HB0227 • 2023

Veterans' property tax exemption-amendments.

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

Taxes

Inactive

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

Sponsor: Representative Newsome
Last action: 2023-02-07
Official status: inactive
Effective date: 3/1/2023

Plain English Breakdown

The bill text specifies the effective date for certain sections but does not provide a clear applicability date for all provisions.

Increasing Veterans' Property Tax Exemption

This act increases the property tax exemption for veterans from $3,000 to $6,000 and requires the Department of Revenue to create rules to implement this change.

What This Bill Does

Increases the annual property tax exemption for veterans from $3,000 to $6,000.
Requires the Department of Revenue to make new rules 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 in the amount of taxes a person has to pay.
Department of Revenue: The government agency that collects and manages tax money for Wyoming.

Limits and Unknowns

This bill is marked as inactive, meaning it will not move forward in the current session.
It does not specify how to handle taxes already assessed before January 1, 2023.

Bill History

2023-02-07 House
H:Died in Committee Returned Bill Pursuant to HR 5-4
2023-02-07 House
H No report prior to CoW Cutoff
2023-01-25 House
H Introduced and Referred to H03 - Revenue
2023-01-25 House
H Received for Introduction
2023-01-24 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

23LSO-0068
2023
STATE OF WYOMING
23LSO-0068
Numbered
2.0

HOUSE BILL NO. HB0227

Veterans' property tax exemption-amendments.

Sponsored by: Representative(s) Newsome, Northrup and Sherwood and Senator(s) Barlow

A BILL

for

AN ACT relating to taxation and revenue; increasing the assessed value amount 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)
six thousand dollars ($6,000.00)
of assessed value.

Section 2
.

This act shall apply to ad valorem tax assessed on and after January 1, 2023.

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, 2023
.

(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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HB0227