Wyoming legislative panel rejects property tax increase

Wyoming News November 13, 2019

author:

Wyoming legislative panel rejects property tax increase

CHEYENNE, Wyo. (AP) — An interim legislative committee has rejected a proposed bill to raise Wyoming’s property tax.

The Wyoming Tribune Eagle reports that members of the Joint Revenue Interim Committee took the action during their meeting Monday in Cheyenne.

The bill would have raised the tax rate on real and personal property from 9.5% to 11.5%, a jump that calculates to a roughly 20% increase in taxable property. Under the bill, minerals and industrial property would have been excluded from the increase.

Proponents of the idea say the increase is essential to help the state deal with declining mineral industry revenue in the coming years.

But opponents say raising the property tax could place an unfair burden on low-income people.

___

Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com

Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.