SSF0110S2001 TATEPage OF1-line W7 YOMINGAfter 26LSO-0431"amendments;" SENATEinsert FILE"providing NO.an appropriation;".

SF01104 ResidentialPage property3-line tax14 revisions.After "home" insert ", modular home, mobile home, townhouse".

Sponsored7 by:Page 5-after line 7 Insert and renumber as necessary:

Senator(s)9 Hicks,"Section Barlow,3. Boner, Crago, Crum, Dockstader, Gierau, Kolb, Landen and Steinmetz and Representative(s) Heiner, Lien, Locke and Neiman A BILL for AN ACT relating to taxation and revenue;

providingThere is appropriated five hundred thousand dollars ($500,000.00) from the general fund to the department of revenue for administrationpurposes of theimplementing propertythis tax;act.

specifyingThe propertydepartment taxof revenue may provide funds from this appropriation to counties on a pro rata basis to update assessment ratesand fortax residentialsystems realto property;implement this act.

limitingThis theappropriation applicabilityshall ofbe specifiedfor millsthe toperiod residentialbeginning realwith propertythe usedeffective asdate aof primarythis residenceact byand theending ownerJune of30, the2028. property;

repealingThis aappropriation relatedshall propertynot taxbe exemption;transferred or expended for any other purpose and any unexpended, unobligated funds remaining from this appropriation shall revert as provided by law on June 30, 2028.".

makingPage conforming5-line amendments;9 Delete "Section 3." and insert "Section 4.".

specifyingPage applicability;5-line 12 Delete "Section 4." and insert "Section 5.".

andHICKS providing1 for an effective date.

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

Section 1.

W.S.

39-11-101(a)(xvii) by creating a new subparagraph (C), by renumbering (C) as (D) and by creating a new paragraph (xix), 39-13-103(b)(iii) by creating a new SF0110 STATE OF WYOMING 26LSO-0431 subparagraph (C) and by renumbering (C) as (D) and 39-13-104(d)(i) are amended to read:

4 39-11-101.

Definitions.

6 (a) As used in this act unless otherwise specifically provided:

9 (xvii) "Taxable value" means a percent of the fair market value of property in a particular class as follows:

(C) Residential real property as follows:

(I) An owner occupied primary residence, eight and three-tenths percent (8.3%);

(II) All other residential real property, nine and one-half percent (9.5%).

(C)(D) All other property, real and personal, including property valued and assessed under W.S.

SF0110 STATE OF WYOMING 26LSO-0431 39-13-102(m)(vi) and (ix), nine and one-half percent (9.5%).

4 (xix) Owner occupied primary residence" means residential real property where the owner of the property resides for not less than six (6) months of the applicable tax year;

9 (xx) "Residential real property" means real property improved by a dwelling designed to house not more than three (3) families and includes associated residential land where the dwelling is located if the land is owned by the owner of the dwelling.

The dwelling may be any type of dwelling including a single family home or an individual condominium unit if the dwelling is used as a residence.

39-13-103.

Imposition.

(b) Basis of tax.

The following shall apply:

(iii) Beginning January 1, 1989, "taxable value" means a percent of the fair market value of property in a particular class as follows:

SF0110 STATE OF WYOMING 26LSO-0431 2 (C) Residential real property as follows:

4 (I) An owner occupied primary residence, eight and three-tenths percent (8.3%);

7 (II) All other residential real property, nine and one-half percent (9.5%).

(C)(D) All other property, real and personal, nine and one-half percent (9.5%).

39-13-104.

Taxation rate.

(d) There shall be annually levied and assessed upon the taxable value of property within the limits of Wyoming school districts the following school taxes when applicable:

(i) Not to exceed the number of mills provided by W.S.