This amendment deletes four prior amendments, modifies budget transfer language, creates a property tax reimbursement account funded with $152.2 million, and revises provisions governing energy matching funds and other budgetary matters.
- Deletes four prior second and third reading amendments (SF0001S2025/A, SF0001S2026/A, SF0001S3015/A, and SF0001S3016/A) in their entirety. (Page 1, lines 1-5)
- Expands the bill's stated purposes to include 'providing for the reimbursement of property tax revenues as specified; creating accounts.' (Page 1, lines 7-9)
- Updates Section 300 to add subsection (q) and reflect creation of new subsections (p) and (q) to Section 321 and new subsection (g) to Section 323. (Page 68, lines 2-13)
- Inserts new subsection (q) into Section 300 directing the state auditor to transfer $152,229,564 from the budget reserve account to a new property tax reimbursement account, conditioned on available funds after reversions. (Page 68, lines 18-25)
- Increases the large project energy matching funds reversion amount from $30 million to $52,229,564 under Section 323. (Page 72, lines 1-2)
- Removes the reference to 'one' and changes the total reversion amount from $100 million to $152,229,564 in Section 323(g). (Page 73, lines 4-10)
- Creates new Section 351 establishing a property tax reimbursement account with continuous appropriation to the department of revenue for reimbursing local governments for property tax revenue losses from specified 2025 residential property tax exemption legislation. (Page 84, lines 12-32)
- The property tax reimbursement account is conditioned on enactment of at least one of ten specified bills (HB130, HB169, HB282, HB290, HB328, SF69, SF136, SF153, SF161, SF182) that grant residential property tax exemptions, and only if those bills do not themselves provide local government compensation. (Page 86-87, lines 20-32)
- Sets reimbursement distributions to counties, cities, and towns using allocation formulas from 2024 Wyoming Session Laws Chapter 38, limited to verified revenue reductions in tax years 2025 and 2026 only. (Page 85-86, lines 1-18)
- Authorizes distributions on a pro rata basis if account funds are insufficient to fully restore demonstrated property tax revenue reductions. (Page 86, lines 10-14)
- Specifies that funds in the property tax reimbursement account shall revert to the general fund on June 30, 2027. (Page 85, lines 24-25)
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