summary
Introduced
01/17/2023
01/17/2023
In Committee
02/13/2023
02/13/2023
Crossed Over
02/08/2023
02/08/2023
Passed
Dead
02/24/2023
02/24/2023
Introduced Session
2023 General Session
Bill Summary
AN ACT relating to taxation; establishing a homeowner's exemption for primary residences; providing a penalty for false claims; specifying applicability; providing a sunset date; and providing for an effective date.
AI Summary
This bill establishes a homeowner's exemption for primary residences in Wyoming, allowing up to $50,000 or 25% of the fair market value of the property to be exempt from property taxes. To qualify, the owner must have been a state resident for at least 5 years and resided in the property for at least 6 months in the preceding tax year. The bill provides a penalty for false claims and requires the Department of Revenue to adopt rules to administer the exemption. The exemption will first apply to the 2024 tax year and is set to sunset on December 31, 2025.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue (Joint)
Last Action
S:Died in Committee Returned Bill Pursuant to SR 5-4 (on 02/24/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2023/HB0098 | 01/09/2023 |
| BillText | https://www.wyoleg.gov/2023/Engross/HB0098.pdf | 02/08/2023 |
| Representative Oakley | https://wyoleg.gov/2023/Amends/HB0098H3002.pdf | 02/08/2023 |
| Representative Harshman | https://wyoleg.gov/2023/Amends/HB0098H3001.pdf | 02/07/2023 |
| House Revenue Committee | https://wyoleg.gov/2023/Amends/HB0098HS001.pdf | 02/02/2023 |
| BillText | https://www.wyoleg.gov/2023/Introduced/HB0098.pdf | 01/09/2023 |
| Fiscal Note | https://www.wyoleg.gov/2023/Fiscal/HB0098.pdf | 01/09/2023 |
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