Bill tackles delinquent ad valorem payments
March 14, 2019
CHEYENNE – Counties seeking delinquent ad valorem taxes from bankrupt energy companies will automatically move to the front of the line of creditors seeking payment starting in 2021.
This general session, the Wyoming Legislature passed Senate File 118, which gives primacy to counties seeking delinquent tax payments from bankrupt energy companies. The new system starts in 2021.
Currently, counties can file a claim for first payment but must compete against banks and other lenders for a chance to recapture some of the money owed.
The bill’s sponsor, Sen. Ogden Driskill, R-Devil’s Tower,...