This amendment reduces the homeowner property tax exemption reimbursement from full compensation to 12.5% of lost tax revenues and lowers the appropriation cap accordingly.
- Changes reimbursement for the homeowner exemption from full compensation to 12.5% of the reduction in tax revenues. (Page 3, lines 10-14)
- Changes reimbursement for the homeowner exemption from full compensation to 12.5% of the reduction in tax revenues. (Page 3, lines 21-26)
- Reduces the cap on appropriations from the legislative stabilization reserve account from $100,000,000 to $12,500,000 and changes compensation from full to 12.5% of lost revenues. (Page 4, lines 4-26)
- Separates the reimbursement procedures for two different exemptions: the exemption under W.S. 39-11-105(a)(xxiv) receives full reimbursement for all lost taxes, while the homeowner exemption under W.S. 39-11-105(a)(xlvi) receives only 12.5% of the reduction in tax revenues. (Page 5, lines 1-6)
- Reduces the total appropriation from the general fund from $125,000,000 to $15,625,000. (Page 5, lines 7-12)
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