CHAPTER 19 WYOMING PROPERTY TAX RELIEF PROGRAM



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CHAPTER 19 WYOMING PROPERTY TAX RELIEF PROGRAM Section 1. Authority. These rules are promulgated under the authority of W.S. 16-3-103 and W.S. 39-11-102(b). Section 2. Purpose. These rules are intended to clarify supplement W.S. 39-13-109(c)(iii) by implementing procedures and standards for establishing income limits and procedures to assist in the administration of the property tax relief program set forth in this statute. Section 3. Definitions. (a.) Applicant means an individual applying for refund under W.S. 39-13-109(c)(iii), stating ownership and occupancy as to his or her principal residence. (b.) Calendar year means the calendar year in which the property tax is billed. Thus, it refers to the tax payments which become due on September 1 st of the calendar year in which they are billed and on March 1 st of the following year. (c.) Federal income tax return means any income tax return filed with the Internal Revenue Service by any individual, corporation, partnership, or other legal entity. (d.) Form means an application approved by the Wyoming Department of Revenue. (e.) Gross income means all taxable and nontaxable income received by all members of the household from all sources. (f.) Household furnishings and personal property shall be construed to mean all tangible personal property except personal motor vehicles. It shall not include any intangible personal property as defined in W.S. 39-11-101(a)(vii). (g.) Household assets means real property, as defined by W.S. 39-11-101(a)(xv), and intangible and tangible personal property, as defined in W.S. 39-11-101(a)(vii) and (xvi), belonging to the members of the household. (h.) Members of the household means all adults and minors whether or not related by blood or marriage, who resides within the same residence. Personal motor vehicle means any vehicle that can be used for personal transportation, including, but not limited to: automobiles, light trucks, vans, motorcycles, snowmobiles, all-terrain vehicles, and motor homes. It shall not include trucks with more than two axles, used primarily for commercial transportation of goods. (j.) Principal residence is the primary residence or domicile, the address of which may be reflected on a driver s license, federal income tax return, and/or voter registration. Portions of

said residence used for business purposes are not considered part of the principal residence; property taxes deducted as expenses of the business conducted in the residence shall be excluded from consideration for relief under this program. (k.) Refund means a repayment by the county or the state of property taxes timely paid for the preceding calendar year on an applicant s principal residence plus land reduced by the dollar amount of any benefit received from the veterans exemption under W.S. 39-13-105(a), the home owner s tax credit under W.S. 39-13-109(d)(i), and/or the amount of any property tax deferral under W.S. 39-13-107(b)(iii)(A). (l.) Resident means a person who physically lives in Wyoming for more than one-half (1/2) of the year; however, no person shall be deemed to have lost residency by reason of absence on business of the United States, or of the state, or in the military or naval service of the United States. A qualifying resident must satisfy the residency requirement for each of the ten (10) years preceding the year of the application for refund under this program. (m.) Taxable and nontaxable income means all income of all members of the household and all taxable entities controlled by members of the household; including, but not limited to: (ii.) (iv.) (v.) (vi.) (vii.) (viii.) (ix.) (x.) (xi.) (xii.) (xiii.) (xiv.) Wages; Net self-employment income; Unemployment compensation; Worker s compensation; Lease payments; Net rental income; Contract earnings (interest and principal); All interest earnings; Social security income; Supplemental Security Income; Veterans Administration benefit payments; All retirement plans; Alimony; Child support;

(xv.) (xvi.) (xvii.) Black lung payments; Per capita payments; Experience works payments (formerly green thumb); (xviii.) All public support payments; (xix.) (xx.) (xxi.) (xxii.) General and emergency assistance (regardless of the source); State Supplemental Security Income; Welfare; Aid to Families with Dependent Children; (xxiii.) Qualified Medicare Beneficiary payments; (xxiv.) Specified Low-Income Medicare Beneficiary payments; (xxv.) In kind payments; (xxvi.) Grants and loans; (xxvii.) Monetary gifts. (n.) Timely paid means taxes paid with no chargeable interest. Payment received for prior year benefits, including elderly and disabled tax refunds, shall be considered income for the year in which received. Section 4. Qualifications. (a.) An applicant must have been a resident of the state of Wyoming for a period of not less than ten (10) years prior to the year in which he/she applies for a refund under W.S. 39-13- 109(c)(iii). For purposes of this provision, the ten-year period must be continuous. When a joint application is filed because the property is jointly owned, at least one of the joint owners must satisfy this residency requirement. (b.) An Applicant must have timely paid the property tax, for the preceding calendar year upon the individual s principal residence including the land, on which the residence is located. (c.) An applicant must satisfy the following financial requirements to be eligible for an ad valorem tax refund under the provisions of W.S. 39-13-109(c)(iii); Total household income, defined as gross income in Section 2, above, shall

not exceed one-half (1/2) of the median household income for the applicant s county of residence, as determined annually by the Economic Analysis Division of the Department of Administration and Information; and, (ii.) The value of total household assets, excluding the items listed below, shall not have a value in excess of five thousand dollars ($5000.00) in 2004, this value shall be adjusted annually by the statewide average Wyoming cost-of-living index published by the Economic Analysis division of the Department of Administration and Information. Items excluded from household assets are as follows; account; (A.) (B.) (C.) (D.) (E.) The house and land subject to the refund application; One(1) motor vehicle per adult in the household; Household furnishings and personal property; Assets held under a bona fide pension plan or individual retirement The cash value of any life insurance policies held. Section 5. Application Procedures. (a) An application must be completed and returned to the County Treasurer on or before the Monday in. Any applications after this closing date will be. (b) A new application under oath, on forms approved by the Department of Revenue, must be submitted each year. (c) Applications must be fully documented each year. Copies of documents attached to the application are part of the application and will not be returned to the applicant. (d) A timely submitted application may be disqualified for cause. An application which appears to qualify may be disqualified, for example, if proper documentation is not attached. (e) If an applicant dies after submitting an application, and before the refund payment is made, the refund shall be paid to the decedent s estate. Section 6. Procedures. (a.) The Department shall prepare and issue application form for refunds under W.S. 39-13-109(c)(iii) on or before January 15 of each year. (b.) The Department of Revenue shall compute the cost-of-living adjusted limit to the value of non-exempt household assets. The Department shall also maintain information regarding

this adjustment for all years of the program. (c.) Annually, the department of revenue shall obtain the data from the Economic Analysis Division of the Department of Administration and Information regarding the statewide average cost-of-living index and median household income for each county in the state. (d.) Annually, the Department of revenue shall compile data regarding the median residential property tax value in their counties. (e.) Department of Revenue personnel shall review all applications for refunds which have been filed in a timely manner, as specified in section 5(a), above. Applications which are not filed by the due date shall be denied. The review must address the following issues: Whether the application is filed timely; (ii.) Whether the application is complete, i.e. whether all required entries and supporting documentation are present. The application form shall specify what entries and supporting documentation must be present for the application to be deemed complete. (iv.) Whether the applicant satisfies the income limitation; Whether the applicant satisfies the household asset value limitations; (v.) The amount of refund due the applicant in accordance with the limitations stipulated in W.S. 39-13-109(c)(iii)(C). (f.) The Department of revenue shall prepare a list of qualifying applicants, together with the amounts of their refunds and submit the report to the State Auditor s Office no later than September 15 th of each year for preparation of payments due. (g.) The Department of Revenue shall mail refund checks to applicants no later than September 30 th of each year.