Administrative Rule Review Report  #AR07-026

Legislative Service Office

30-Apr-07

AGENCY: Department of Revenue.

DATE SUBMITTED: April 30, 2007.

SUBJECT: Chapter 12, Classification of Industrial Property.

NATURE OF RULES:                    Legislative and Procedural

STATUTORY AUTHORITY:        W.S. 39-11-102(b)

DETERMINATION OF PROCEDURAL COMPLIANCE BASED UPON INFORMATION

SUBMITTED BY THE AGENCY TO LSO:  Apparently complete to date.

SUMMARY OF RULES:  The rules specify what property shall be classified as industrial property, as opposed to commercial property, for the purpose of county assessments  The rules remove references to Standard Industrial Classification (SIC) codes and add references to the North American Industry Classification System (NAICS) to determine whether certain property is classified as industrial property.  The rules also specify the requirements for industrial plant appraisals.

FINDINGS:  The rules appear to be within the scope of statutory authority and legislative intent.

STAFF RECOMMENDATION:  That the rules be placed on the Consent List and be approved by the Council as submitted by the Agency.

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Joshua Anderson

Research Associate

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David K. Gruver

Assistant Director

JDA/