summary
Introduced
02/14/2022
02/14/2022
In Committee
03/03/2022
03/03/2022
Crossed Over
02/21/2022
02/21/2022
Passed
03/08/2022
03/08/2022
Dead
Signed/Enacted/Adopted
03/11/2022
03/11/2022
Introduced Session
2022 General Session
Bill Summary
AN ACT relating to ad valorem taxation of mineral production; clarifying and modifying the reporting and payment of ad valorem taxes on mineral production; clarifying and modifying provisions for the payment of deferred taxes; providing an appropriation; and providing for an effective date.
AI Summary
This bill clarifies and modifies the reporting and payment of ad valorem (property) taxes on mineral production in Wyoming. It requires mineral producers to report ad valorem taxes to the Department of Revenue on a monthly basis, which will then invoice the producers. The bill also changes the payment deadlines and provides a process for deferred tax payments from 2020 and 2021 production. Additionally, the bill appropriates $3 million from the legislative stabilization reserve account to provide loans to counties to cover funding shortfalls caused by the transition to the new monthly payment system.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue (Joint)
Last Action
Assigned Chapter Number 53 (on 03/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2022/SF0038 |
| Analysis - Summary as Passed | https://www.wyoleg.gov/2022/Summaries/SF0038.pdf |
| BillText | https://www.wyoleg.gov/2022/Enroll/SF0038.pdf |
| House Floor Amendment SF0038HW001 | https://wyoleg.gov/2022/Amends/SF0038HW001.pdf |
| BillText | https://www.wyoleg.gov/2022/Engross/SF0038.pdf |
| Senate Committee Amendment SF0038SS001 | https://wyoleg.gov/2022/Amends/SF0038SS001.pdf |
| BillText | https://www.wyoleg.gov/2022/Introduced/SF0038.pdf |
| Fiscal Note | https://www.wyoleg.gov/2022/Fiscal/SF0038.pdf |
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