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WY SF0104

WY SF0104
Property tax-mill levy adjustment.


summary

Introduced
01/13/2023
In Committee
Crossed Over
Passed
Dead
02/07/2023

Introduced Session

2023 General Session

Bill Summary

AN ACT relating to property taxes; specifying requirements on how specified mill levy rates are determined; limiting certain mill levy rates; and providing for an effective date.

AI Summary

This bill amends existing laws related to property taxes in Wyoming. It specifies that if the assessment of 25 mills for school district taxes or the determination of up to 12 mills for county taxes and up to 8 mills for city/town taxes would result in revenue exceeding the previous year's revenue adjusted for inflation, the number of mills shall be reduced to ensure the revenue collected equals the previous year's revenue adjusted for inflation. The bill is effective January 1, 2024.

Committee Categories

Budget and Finance

Sponsors (17)

Last Action

S:Died in Committee Returned Bill Pursuant to SR 5-4 (on 02/07/2023)

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