Ad valorem taxation-payment and credit of penalties.

Plain English Breakdown

The official source material does not provide details on the specific dollar amounts or daily increments of penalties, only that they are credited to a county's public school fund.

Ad Valorem Taxation - Penalty Payment and Credit

This law changes how penalties for not filing certain tax statements on time are handled, directing them to be credited to the public school fund of the county where the violation occurred.

What This Bill Does

• Changes the way penalties for failing to file specific property tax statements are handled.
• Specifies that these penalties will now go into the public school fund in the county where the failure to file happened, instead of a state account.

Who It Names or Affects

• People and businesses that fail to file property tax statements on time.
• The state and local governments responsible for collecting and managing these penalties.

Terms To Know

Ad valorem taxation

A type of tax based on the value of a property or item, commonly used for real estate taxes.

Penalties

Fines imposed by law for not following certain rules or regulations.

Limits and Unknowns

• The bill does not specify how the penalties will be distributed within each county's public school fund.
• It is unclear if this change affects existing cases where penalties have already been paid to a state account.

Official Summary Text

Bill Summary - 25LSO-0105

Bill No.:

HB0038

Effective:

Immediately

LSO No.:

25LSO-0105

Enrolled Act No.:

HEA No. 0023

Chapter No.:

16

Prime Sponsor:

Joint Revenue Interim Committee

Catch Title:

Ad valorem taxation-payment and credit of penalties.

Has Report:

No

Subject:

Credit of penalties for failure to file tax statements.

Summary/Major Elements:

Under current law the penalty for failure to file certain tax statements related to property taxes is paid to the school foundation program account.

This bill specifies that penalties paid for failure to file tax statements will be credited to the public school fund of the county in which the violation occurred.

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

25LSO-0105

ORIGINAL House

Bill No
.
HB0038

ENROLLED ACT NO. 23,

HOUSE OF REPRESENTATIVES

SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2025 General Session

AN ACT relating to ad valorem taxation; amending how penalties collected for failure to file specified tax statements are paid and credited; and providing for an effective date.

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

Section 1
.

W.S. 39
‑
13
‑
108(c)(ii)(B) is amended to read:

39
‑
13
‑
108.

Enforcement.

(c)

Offenses and penalties. The following shall apply:

(ii)

Penalties. The following shall apply:

(B)

Any person failing to file the statement provided by W.S. 39
‑
13
‑
107(a)(ii)(A) or (B) is subject to a penalty of not more than five hundred dollars ($500.00) plus not more than one hundred dollars ($100.00) for each day's failure to file the statement, to be recovered by an action in the name of the state of Wyoming brought by the attorney general at the request of the department. The department may waive the penalties imposed by this subsection as part of a settlement or for any other good cause shown. Penalties collected shall be
credited
paid
to the state
school foundation program account
treasurer and credited as provided in W.S. 8
‑
1
‑
109
;

Section 2
.

This act is 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)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk

1