WyomingSF 492025 General SessionSenateWALLET

AN ACT relating to ad valorem taxation; requiring tangible personal property to be valued using valuation indexes and depreciation schedules as specified; requiring rulemaking; and providing for effective dates.

Sponsored By: null Revenue

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Business equipment tax rules change in 2026

Starting January 1, 2026, Wyoming values taxable tangible personal property each year using state valuation indexes and depreciation schedules set by the Department of Revenue. The law sets a depreciation floor at 20% of the reported installed cost. Once an item hits that floor, the trending factor used to adjust its value stays the same until the item is taken out of service. This does not apply to property valued under W.S. 39-13-102(m) or to titled mobile homes. The Department must issue rules to set the indexes and schedules, and that rulemaking starts immediately.

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Sponsors & Cosponsors

Sponsor

  • null Revenue

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 125 • No: 11

Senate vote 2/19/2025

S Concur:Passed 31-0-0-0-0

Yes: 31 • No: 0

House vote 2/18/2025

H 3rd Reading:Passed 57-4-1-0-0

Yes: 57 • No: 4

House vote 2/11/2025

H03 - Revenue:Recommend Amend and Do Pass 7-1-1-0-0

Yes: 7 • No: 1

Senate vote 1/23/2025

S 3rd Reading:Passed 27-4-0-0-0

Yes: 27 • No: 4

Senate vote 1/20/2025

S03 - Revenue:Recommend Amend and Do Pass 3-2-0-0-0

Yes: 3 • No: 2

Actions Timeline

  1. Governor Signed SEA No. 0008

    2/24/2025Governor
  2. Assigned Chapter Number 20

    2/24/2025
  3. H Speaker Signed SEA No. 0008

    2/20/2025House
  4. S Concur:Passed 31-0-0-0-0

    2/19/2025Senate
  5. Assigned Number SEA No. 0008

    2/19/2025
  6. S President Signed SEA No. 0008

    2/19/2025Senate
  7. H 3rd Reading:Passed 57-4-1-0-0

    2/18/2025House
  8. S Received for Concurrence

    2/18/2025Senate
  9. H 2nd Reading:Passed

    2/14/2025House
  10. H COW:Passed

    2/13/2025House
  11. H03 - Revenue:Recommend Amend and Do Pass 7-1-1-0-0

    2/11/2025House
  12. H Placed on General File

    2/11/2025House
  13. H Introduced and Referred to H03 - Revenue

    2/10/2025House
  14. H Received for Introduction

    1/24/2025House
  15. S 3rd Reading:Passed 27-4-0-0-0

    1/23/2025Senate
  16. S 2nd Reading:Passed

    1/22/2025Senate
  17. S COW:Passed

    1/21/2025Senate
  18. S03 - Revenue:Recommend Amend and Do Pass 3-2-0-0-0

    1/20/2025Senate
  19. S Placed on General File

    1/20/2025Senate
  20. S Introduced and Referred to S03 - Revenue

    1/14/2025Senate
  21. S Received for Introduction

    1/2/2025Senate
  22. Bill Number Assigned

    12/19/2024

Bill Text

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