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WY HB0134

WY HB0134
Property tax deferral program-amendments.


summary

Introduced
02/13/2024
In Committee
03/05/2024
Crossed Over
02/27/2024
Passed
Dead
03/08/2024

Introduced Session

Potential new amendment
2024 Budget Session

Bill Summary

AN ACT relating to property taxes; providing that the property tax deferral program shall be administered by the department of revenue; revising the amount of taxes that can be deferred; revising the calculation of interest; making deferral of taxes contingent on the availability of funds; clarifying eligibility; modifying record keeping requirements; making conforming changes; requiring rulemaking; repealing a conflicting provision; providing an appropriation; specifying applicability; requiring a report; and providing for effective dates.

AI Summary

This bill amends Wyoming's property tax deferral program in several ways. It transfers administration of the program from county boards of commissioners to the Department of Revenue, revises the amount of taxes that can be deferred and the calculation of interest, and makes deferral contingent on the availability of funds. The bill also clarifies eligibility, modifies record-keeping requirements, requires rulemaking, provides an appropriation, and specifies applicability of the changes. The bill aims to improve the administration and funding of the property tax deferral program for eligible taxpayers, including those with limited income, the elderly, the disabled, and disabled veterans.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

COW:Failed 6-18-7-0-0 (on 03/05/2024)

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