Wyoming legislation · 2025 General Session
Wyoming SF182: Property tax valuation-fair market value.
Status: Failed, March 3, 2025
AN ACT relating to property taxation; revising the definition of fair market value to include replacement cost new less depreciation for specified property; making conforming amendments; requiring rulemaking; and providing for effective dates.
What the bill says
An act relating to property taxation; revising the definition of fair market value to include replacement cost new less depreciation for specified property; making conforming amendments; requiring rulemaking; and providing for effective dates.
From the introduced text:
AN ACT relating to property taxation; revising the definition of fair market value to include replacement cost new less depreciation for specified property; making conforming amendments; requiring rulemaking; and providing for effective dates. Section 1. W.S. 39‐11‐101(a)(vi) and 39‐11‐102(c)(xv) are amended to read: 39‐11‐101. Definitions. (a) As used in this act unless otherwise specifically provided: (vi) "Fair market value" and fair market value of (B) For personal property and for appurtenances, including structures, affixed to land, the replacement cost new of the property, less depreciation; (C) For mine products, fair market value shall be determined as provided by W.S. 39‐14‐103(b), 39‐14‐203(b), 39‐14‐303(b), 39‐14‐403(b), 39‐14‐503(b), 39‐14‐603(b) and 39‐14‐703(b).; 39‐11‐102. Administration; confidentiality; department of revenue. (c) In addition to the other powers and duties imposed by law, the department Section 2. The department of revenue shall adopt rules necessary to implement this act not later than January 1, 2026. Section 3. (a) Except as provided in subsection (b) of this section, this act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution. (b) Section 1 of this act is effective January 1, 2026. (END) 1 SF0182
Sponsors
- Erickson, McKay (R, H21)
- Dockstader, Dan (R, S16) · primary sponsor
Latest actions
- : S:Died in Committee Returned Bill Pursuant to SR 5-4
- : S No report prior to CoW Cutoff
- : S Introduced and Referred to S03 - Revenue
- : S Received for Introduction
- : Bill Number Assigned
Subjects: Property tax valuation-fair market value.
Common questions
- What is SF182?
- SF182 is a bill in the Wyoming Legislature (2025 General Session): Property tax valuation-fair market value.
- What does SF182 do?
- In its own words: An act relating to property taxation; revising the definition of fair market value to include replacement cost new less depreciation for specified property; making conforming amendments; requiring rulemaking; and providing for effective dates.
- What is the status of SF182?
- Failed as of March 3, 2025. Latest action: S:Died in Committee Returned Bill Pursuant to SR 5-4 (March 3, 2025).
- Who sponsored SF182?
- Dockstader, Dan (R, S16), with 1 co-sponsor.
- Where is the official record for SF182?
- On the Wyoming Legislature website: https://wyoleg.gov/Legislation/2025/SF0182
Source: official Wyoming record. Tracked by Delilah, AI for legislation across all 50 states and Congress.