Ad valorem taxation-payment and credit of
penalties.
25LSO-0105, 1.0
HB0038
FISCAL NOTE
No significant fiscal or personnel impact.
This bill amends how ad valorem penalties collected under W.S. 39-13-
108(c)(ii)(B) for failure to file tax statements with the Department of Revenue
would be distributed. This bill changes the distribution of these penalties from
the School Foundation Program account (SFP) to the applicable county public
school fund. This bill will result in a decrease in penalties distributed to the
SFP and a corresponding increase in penalties distributed to county school funds,
resulting in zero net impact to the SFP. The amount of these penalties that would
be distributed to county school funds would depend on future penalties collected,
which is unknown and cannot be determined.
Prepared by: Dean Temte, LSO Phone: 777-7881
(Information provided by Samantha Dailey, State Treasurer's Office, 777-7408;
Christie Yurek, Department of Revenue, 777-5275)