Disabled veteran's tax exemption.

05LSO-0202.L1

                                                         

FISCAL NOTE

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Increase:
GENERAL FUND	33,500	35,200	37,000

 

Source of expenditure increase:

 

Increase in the number of veterans qualifying for property tax exemption, resulting in increased reimbursement to counties from the General Fund.

 

 

Assumptions:

 

Currently 306 disabled Wyoming veterans have been granted individual unemployability status certified by the Veterans Administration, and would now qualify for the veterans property tax exemption.

 

The average property tax exemption per qualifying veteran is $105.16, based on a 5 year historical average.

 

It is estimated that 90 percent of the veterans who would qualify under this legislation would apply for the property tax exemption.

 

A growth rate of 5 percent per year is assumed, due to continuing conflicts.

 

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(Information provided by Wade Hall, Dept. of Revenue; phone 777-5235:

Doug Shope, Military Department; phone (307) 421-3112)