This bill amends the existing taxation law in Wyoming by allowing county commissioners to restrict tax levies for special districts based on their accumulated reserves. Specifically, it introduces a new provision that permits the board of county commissioners to decline to certify tax levies for any special district whose total accumulated reserves exceed three times the district's current adopted budget. This change aims to ensure that special districts do not over-rely on tax levies when they have sufficient reserves.

The effective date for this legislation is set for January 1, 2025. This timeline provides special districts and county commissioners time to adjust to the new regulations regarding tax levies and reserve management.

Statutes affected:
Introduced: 39-13-104