Wyoming § 15-1-708 Taxation or imposition of fee; amount; general
procedure

Wyoming Statutes

§ 15-1-708 — Taxation or imposition of fee; amount; general procedure

Wyoming § 15-1-708

Title 15Cities and Towns

Ch. 1GENERAL PROVISIONS

Art. 7INDUSTRIAL DEVELOPMENT PROJECTS

This text of Wyoming § 15-1-708 (Taxation or imposition of fee; amount; general procedure) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 15-1-708 (2026).

Text

(a)Notwithstanding that title to a project may be in a municipality or county, any project initiated or proceedings instituted prior to February 16, 1967, by the execution of a contract between any municipality and a lessee or proposed lessee for the acquisition of a project, are subject to taxation to the same extent, in the same manner and under the same procedures as privately owned property in similar circumstances if the projects are leased to or held by private interests on both the assessment date and the date the levy is made in any year, unless the governing body and the lessee or proposed lessee agree upon an annual fee pursuant to the provisions of subsection (b) of this section. The projects are not subject to taxation if they are not leased to or held by private interests on

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(a) Notwithstanding that title to a project may be in a
municipality or county, any project initiated or proceedings
instituted prior to February 16, 1967, by the execution of a
contract between any municipality and a lessee or proposed
lessee for the acquisition of a project, are subject to taxation
to the same extent, in the same manner and under the same
procedures as privately owned property in similar circumstances
if the projects are leased to or held by private interests on
both the assessment date and the date the levy is made in any
year, unless the governing body and the lessee or proposed
lessee agree upon an annual fee pursuant to the provisions of
subsection (b) of this section. The projects are not subject to
taxation if they are not leased to or held by private interests
on both the assessment date and the date the levy is made in any
year. If personal property owned by a municipality or county is
taxed under this section and the taxes are delinquent, levy by
distress warrant for collection of the delinquent taxes may be
made only on the personal property against which the taxes were
levied.
(b) Projects initiated after February 16, 1967, are exempt
from ad valorem taxes, but the governing body shall negotiate
with the proposed lessee an annual fee in lieu of taxes, which
shall fully compensate the state, the political subdivisions and
other recipients of ad valorem taxes for the share each would
have received had this exemption not been authorized. The annual
fee, if payable to a municipality, shall be remitted by the
municipality to the county treasurer of the county wherein the
project is located before January 1 of the year following the
year for which the fee is collected. The county treasurer shall
distribute the fee together with similar fees collected from
county projects to the state, the political subdivisions and
other recipients of ad valorem taxes in the same manner and
proportions as the ad valorem tax revenues received by the
county are distributed as by law provided.