HB0245 - Home owner's tax credit.

 

2001

State of Wyoming

01LSO-0506

 

 

 

HOUSE BILL NO.  HB0245

 

 

Home owner's tax credit.

 

Sponsored by:  Representative(s) Luthi, Law and Shivler and
Senator(s) Roberts

 

 

A BILL

 

for

 

 1  AN ACT relating to taxation and revenue; providing for the
 2  home owner's tax credit as specified; setting qualification
 3  limits; providing an appropriation; and providing for an
 4  effective date.

 5 

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

 7 

 8         Section 1.  W.S. 39-13-109(d)(i)(D)(intro) and (E)(I)
 9  is amended to read:

10 

11         39-13-109.  Taxpayer remedies.

12 

13         (d)  Credits.  The following shall apply:

14 

15              (i)  The following shall apply to the home
16  owner's tax credit:

 

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 1 

 2                   (D)  The tax credit under subparagraph (A)
 3  of this paragraph is one thousand four hundred sixty
 4  dollars ($1,460.00) times the mill levy to be applied
 5  against the property if the dwelling and land, not to
 6  exceed two (2) acres on which the dwelling is located, have
 7  a combined assessed value of less than three thousand nine
 8  hundred dollars ($3,900.00) nine thousand five hundred
 9  dollars ($9,500.00) or five hundred ninety dollars
10  ($590.00) times the mill levy to be applied against the
11  property if the dwelling and land, not to exceed two (2)
12  acres on which the dwelling is located, have a combined
13  assessed value of at least three thousand nine hundred
14  dollars ($3,900.00) nine thousand five hundred dollars
15  ($9,500.00) but less than five thousand eight hundred fifty
16  dollars ($5,850.00) eleven thousand eight hundred
17  seventy-five dollars ($11,875.00) and if:

18 

19                   (E)  The tax credit under subparagraph (A)
20  of this paragraph is five hundred ninety dollars ($590.00)
21  times the mill levy to be applied against the property if:

22 

23                         (I)  The dwelling has an assessed value
24  of less than five thousand eight hundred fifty dollars

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 1  ($5,850.00) nine thousand five hundred dollars ($9,500.00);
 2  and

 3 

 4         Section 2.  There is appropriated fifteen million,
 5  eighty-eight thousand seven hundred nineteen dollars
 6  ($15,088,719.00) from the general fund to the state
 7  treasurer for the purposes of this act. The appropriation
 8  shall not revert at the end of the biennium ending June 30,
 9  2002.

10 

11         Section 3.  This act is effective January 1, 2002.

12 

13                         (END)

 

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