H.B. No. 0176

Property tax deferral program.

Sponsored By:     Representative(s) Landon, Berger, Iekel and Olsen and Senator(s) Aullman, Burns, Larson and Schiffer

AN ACT relating to property taxation; modifying ownership requirement to qualify for property tax deferral program; modifying formula for calculation of interest imposed under the property tax deferral program; and providing for an effective date.

1/10/2007   Bill Number Assigned

1/11/2007   H Received for Introduction

1/15/2007   H Introduced and Referred to H03

1/19/2007   H03 Recommended Do Pass

ROLL CALL

Ayes:  Representative(s) Anderson, R., Esquibel, K., Gilmore, Lubnau, Madden, Miller, Semlek, Walsh and Zwonitzer, Dv.

Ayes 9 Nays 0 Excused 0 Absent 0 Conflicts 0

1/19/2007   H Placed on General File

HB0176HW001/ADOPTED

Page 1-line 2           After ";" insert "modifying formula for calculation of interest imposed under the property tax deferral program;".

Page 1-line 7           After "(b)(iii)" insert "(D) and".

Page 1-After line 16    Insert:

"(D)  Notwithstanding W.S. 39-13-108(b)(ii), interest shall accrue on any tax collection deferral granted by the board of county commissioners at a compounded rate of four percent (4%) per annum, except for persons who qualify solely under subdivision (N)(III) of this paragraph interest shall accrue at a rate equal to the average rate of return on all permanent mineral trust fund investments yield on ten (10) year United States treasury bonds for the previous three (3) calendar years, plus one and one-half percent (1.5%) as determined by the state treasurer for the calendar year preceding the year in which application is made. Any tax collection deferral may be prepaid at any time without prepayment penalty;".  LANDON

2/2/2007    H Passed CoW

2/5/2007    H Passed 2nd Reading

2/6/2007    H Passed 3rd Reading

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Berger, Blake, Brechtel, Brown, Buchanan, Childers, Cohee, Craft, Diercks, Dockstader, Edmonds, Edwards, Esquibel, F., Esquibel, K., Gentile, Gilmore, Gingery, Goggles, Hallinan, Hammons, Harshman, Harvey, Iekel, Illoway, Jaggi, Jones, Jorgensen, Landon, Lockhart, Lubnau, Madden, Martin, McOmie, Mercer, Meyer, Miller, Millin, Olsen, Petersen, Philp, Quarberg, Samuelson, Semlek, Shepperson, Simpson, Slater, Steward, Teeters, Thompson, Throne, Wallis, Walsh, White, Zwonitzer, Dn. and Zwonitzer, Dv.

Excused:  Representative(s) Davison and Warren

Ayes 58 Nays 0 Excused 2 Absent 0 Conflicts 0

2/8/2007    S Received for Introduction

2/9/2007    S Introduced and Referred to S03

2/15/2007   S03 Recommended Do Pass

ROLL CALL

Ayes:  Senator(s) Anderson, J., Case, Jennings, Mockler and Ross

Ayes 5 Nays 0 Excused 0 Absent 0 Conflicts 0

2/15/2007   S Placed on General File

2/22/2007   S Passed CoW

2/23/2007   S Passed 2nd Reading

2/26/2007   S Passed 3rd Reading

ROLL CALL

Ayes:  Senator(s) Anderson, J., Aullman, Barrasso, Burns, Case, Coe, Cooper, Decaria, Fecht, Geis, Hastert, Hines, Jennings, Job, Johnson, Larson, Massie, Meier, Mockler, Nicholas, Perkins, Peterson, Ross, Schiffer, Scott, Sessions, Townsend, Vasey and Von Flatern

Excused:  Senator(s) Peck

Ayes 29 Nays 0 Excused 1 Absent 0 Conflicts 0

2/26/2007   Assigned Number HEA No. 0090

2/27/2007   H Speaker Signed HEA No. 0090

2/27/2007   S President Signed HEA No. 0090

3/4/2007    Governor Signed HEA No. 0090

3/4/2007    Assigned Chapter Number

Chapter No. 0170  Session Laws of Wyoming 2007.