HB0309 - Property tax-assessment of affordable housing.

 

2001

State of Wyoming

01LSO-0208

 

 

 

HOUSE BILL NO.  HB0309

 

 

Property tax-assessment of affordable housing.

 

Sponsored by:

 

 

A BILL

 

for

 

 1  AN ACT relating to taxation and revenue; providing for the
 2  valuation of certain rental property used for affordable
 3  housing as specified; and providing for an effective date.

 4 

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

 6 

 7         Section 1.  W.S. 39-13-103(b) by creating a new
 8  paragraph (xvii) is amended to read:

 9 

10         39-13-103.  Imposition.

11 

12         (b)  Basis of tax.  The following shall apply:

13 

14              (xvii)  For valuation of any real property used
15  for affordable housing purposes under an authorized
16  governmental program, the county assessor may consider the

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 1  rental value received and other limitations or restrictions
 2  on the rental income for the property as authorized by the
 3  governmental program.

 4 

 5         Section 2.  This act is effective January 1, 2002.

 6 

 7                         (END)

 

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