This amendment deletes six prior amendments, adds investment policy language for the mineral trust fund reserve account, reduces the homeowner property tax exemption from 50% to 25%, and modifies the compensation mechanism for lost tax revenues to cap stabilization reserve account appropriations at $43 million instead of $100 million.
- Deletes six previously adopted second reading amendments to SF0069 (SF0069H2001, H2002, H2004.02, H2005, H2007, and H2008) entirely. (Page 1, lines 1-10)
- Adds language to the bill's effective date section indicating that an appropriation is being provided. (Page 1, lines 12-13)
- Amends the statutory references to include W.S. 9-4-719(b)(ii) and creates a new paragraph (iii) to the statute. (Page 1, lines 15-16)
- Changes the verb from singular 'is' to plural 'are' in the statute reference. (Page 1, line 18)
- Adds new statutory language establishing a permanent Wyoming mineral trust fund reserve account with investment earnings policies, quarterly transfers to the general fund based on a 2.5% spending policy amount, and annual reconciliation procedures for pro-rata payments and excess/shortfall adjustments between the reserve account and general fund. (Page 1, line 20 through Page 2, line 28)
- Reduces the homeowner property tax exemption percentage from 50% to 25% of fair market value. (Page 2, lines 31-32)
- Modifies the compensation mechanism for tax revenue reductions by changing the language from 'fully compensate' to 'compensate' and caps total appropriations from the legislative stabilization reserve account at $43 million instead of $100 million, with the cap effective through June 30, 2027. (Page 3, lines 34-28)
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