Wyoming 2023 Regular Session

Wyoming House Bill HB0099

Introduced
1/13/23  
Report Pass
1/26/23  
Engrossed
2/2/23  
Refer
2/3/23  
Report Pass
2/16/23  
Refer
2/17/23  
Report Pass
2/21/23  
Enrolled
2/24/23  

Caption

Property tax refund program.

Impact

If enacted, HB 0099 would significantly affect local property tax regulations and the financial implications for families qualifying under this revised structure. The refund program would allow for refunds not to exceed 75% of the applicant's prior year's property tax but capped at half of the median residential property tax liability in their county. This change aims to adjust fiscal policies to better reflect the economic realities faced by residents while remaining sustainable for the state's budgetary constraints.

Summary

House Bill 0099 aims to amend the qualifications for the property tax refund program in Wyoming. The bill introduces specific income limits, wherein an applicant for a property tax refund must demonstrate that their household income does not exceed 125% of the median gross household income for their county. Additionally, applicants must have been residents of Wyoming for at least five years. The refunds are intended to cover ad valorem taxes timely paid on the applicant's principal residence, thus providing financial relief by refunding a portion of their property taxes based on specified criteria.

Sentiment

The sentiment surrounding HB 0099 appears to be generally supportive among legislators who recognize the need for property tax relief, especially for lower-income households. However, there are debates about the effective implementation of the income verification process and concerns regarding its potential impact on county budgets. The bill's supporters argue that the modifications will streamline assistance for those most in need, while detractors may find issues with the fairness of the qualifications and the implementation burden on local authorities.

Contention

Notable points of contention include the verification process for income, which relies on federal tax returns or other means as determined by counties, raising concerns about accessibility and the administrative burden on local governments. Additionally, the requirement that properties must be occupied by the owners for a specified duration has raised discussions on whether this provision adequately considers the varying needs of different communities. Critics argue that these stipulations could limit the benefits of the refund program for transient populations or those facing economic hardships.

Companion Bills

No companion bills found.

Previously Filed As

WY HB0244

Property tax refund program-rental properties.

WY HB0004

Property tax refund program.

WY SF0019

County optional property tax refund program.

WY HB0039

Property tax refund program-revisions.

WY HB0121

Property tax deferral program-amendments.

WY HF2904

Property tax refund program converted to refundable income tax credit.

WY SF45

Property tax refund program conversion to a refundable income tax credit authorization

WY HB0146

Property tax relief program-rental property applicants.

WY HF1653

Property tax refunds and individual income tax provisions modified, and renter's credit converted to refundable income tax credit.

WY SF1348

Property tax refunds modification

Similar Bills

IA HF668

A bill for an act relating to property taxation for commercial child care centers and facilities and including effective date, applicability, and retroactive applicability provisions.(Formerly HSB 224.)

IA HSB224

A bill for an act relating to property taxation for commercial child care centers and facilities and including effective date, applicability, and retroactive applicability provisions.(See HF 668.)

IA HF2655

A bill for an act placing assessment limitations for property tax purposes on commercial child care facilities, and including effective date, applicability, and retroactive applicability provisions.(Formerly HSB 726.)

IA HSB726

A bill for an act placing assessment limitations for property tax purposes on commercial child care facilities, and including effective date, applicability, and retroactive applicability provisions.(See HF 2655.)

IA SSB3181

A bill for an act placing assessment limitations for property tax purposes on commercial child care facilities, and including effective date, applicability, and retroactive applicability provisions.

IA HSB316

A bill for an act placing assessment limitations for property tax purposes on commercial child care facilities, and including effective date, applicability, and retroactive applicability provisions.(See HF 991.)

IA HF991

A bill for an act placing assessment limitations for property tax purposes on commercial child care facilities, and including effective date, applicability, and retroactive applicability provisions.(Formerly HSB 316.)

CA SB1507

Taxpayers’ Rights Advocate: release or return of levy.