summary
Introduced
02/12/2024
02/12/2024
In Committee
03/01/2024
03/01/2024
Crossed Over
02/22/2024
02/22/2024
Passed
03/06/2024
03/06/2024
Dead
Signed/Enacted/Adopted
03/21/2024
03/21/2024
Introduced Session
2024 Budget Session
Bill Summary
AN ACT relating to taxation; establishing a tax exemption for long-term homeowners; providing a penalty for false claims; and providing for an effective date.
AI Summary
This bill establishes a tax exemption for long-term homeowners in Wyoming. To qualify, the homeowner or their spouse must be at least 65 years old and have paid residential property tax in Wyoming for 25 years or more. The exemption allows for a 50% reduction in the assessed value of the residential real property used as the primary residence. The bill specifies the requirements for claiming the exemption, defines who qualifies as an "owner" and what constitutes a "primary residence", and imposes a penalty for false claims. The exemption is set to expire on July 1, 2027, and the bill will become effective on January 1, 2025.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue (Joint)
Last Action
Assigned Chapter Number 106 (on 03/21/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2024/HB0003 |
| Analysis - Summary as Passed | https://www.wyoleg.gov/2024/Summaries/HB0003.pdf |
| BillText | https://www.wyoleg.gov/2024/Enroll/HB0003.pdf |
| Senate Revenue Committee | https://wyoleg.gov/2024/Amends/HB0003SS001.pdf |
| BillText | https://www.wyoleg.gov/2024/Engross/HB0003.pdf |
| Representative Northrup | https://wyoleg.gov/2024/Amends/HB0003H3001.pdf |
| Representative Oakley | https://wyoleg.gov/2024/Amends/HB0003H2004.pdf |
| Representative Yin | https://wyoleg.gov/2024/Amends/HB0003H2003.pdf |
| Representative Lawley | https://wyoleg.gov/2024/Amends/HB0003H2002.pdf |
| Representative Olsen | https://wyoleg.gov/2024/Amends/HB0003H2001.pdf |
| House Revenue Committee | https://wyoleg.gov/2024/Amends/HB0003HS001.pdf |
| BillText | https://www.wyoleg.gov/2024/Introduced/HB0003.pdf |
| Fiscal Note | https://www.wyoleg.gov/2024/Fiscal/HB0003.pdf |
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