Special districts-limit on tax levy.

Plain English Breakdown

The official source does not provide specific details about who the residents of areas with special districts are affected by this bill.

Limit on Tax Levies for Special Districts

The bill aims to restrict tax levies for special districts if their accumulated reserves exceed three times the current adopted budget.

What This Bill Does

• Allows county commissioners to not approve tax levies for special districts with too much saved money.
• Requires this rule to be followed when deciding on new taxes for these areas.

Who It Names or Affects

• Special district boards and county commissioners

Terms To Know

Accumulated reserves

The total amount of money saved by a special district over time.

Tax levies

The amount of tax that a government body is allowed to collect from people or businesses.

Limits and Unknowns

• This bill did not pass and was not signed into law.
• It only applies if the special district's savings are too high, based on their yearly budget.

Current Bill Text

24LSO-0183
2024
STATE OF WYOMING
24LSO-0183
Numbered
2.0

SENATE FILE NO. SF0056

Special districts-limit on tax levy.

Sponsored by: Joint Revenue Interim Committee

A BILL

for

AN ACT relating to taxation; authorizing the restriction of tax levies for special districts based upon accumulated reserves; and providing for an effective date.

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

Section 1
.

W.S. 39
‑
13
‑
104(k) by creating a new paragraph (v) is amended to read:

39
‑
13
‑
104.

Taxation rate.

(k)

The following shall apply to the certification of tax levies:

(v)

The board of county commissioners may decline to certify tax levies for a special district whose total accumulated reserves exceed three (3) times the special district's current adopted budget under W.S. 16
‑
12
‑
408.

Section 2
.

This act is effective January 1, 2025
.

(END)

1
SF0056