summary
Introduced
In Committee
Crossed Over
Passed
Dead
02/16/2024
02/16/2024
Introduced Session
2024 Budget Session
Bill Summary
AN ACT relating to ad valorem taxation; establishing a rebuttable presumption in favor of acquisition value for specified real property; removing restrictions on the use, disclosure and confidentiality of sworn statements for specified real property; providing a definition; repealing an obsolete provision; requiring rulemaking; and providing for an effective date.
AI Summary
This bill establishes a rebuttable presumption that the acquisition value of real property, other than agricultural land, is the fair market value for property tax purposes. It removes restrictions on the use, disclosure, and confidentiality of sworn statements regarding certain real property. The bill also requires the state board of equalization and the department of revenue to promulgate rules to implement the changes, effective January 1, 2025.
Sponsors (11)
Bill Allemand (R)*,
John Bear (R)*,
Bo Biteman (R)*,
Jeremy Haroldson (R)*,
Scott Heiner (R)*,
Lynn Hutchings (R)*,
Mark Jennings (R)*,
Tony Locke (R)*,
Ken Pendergraft (R)*,
Allen Slagle (R)*,
Clarence Styvar (R)*,
Last Action
Did not Consider for Introduction (on 02/16/2024)
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/2024/HB0211 |
| BillText | https://www.wyoleg.gov/2024/Introduced/HB0211.pdf |
| Fiscal Note | https://www.wyoleg.gov/2024/Fiscal/HB0211.pdf |
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