WY HB0045

Bill

WY HB0045

Property tax exemption-residential structures and land.

Introduced
02/13/2024

In Committee
03/01/2024

Crossed Over
02/22/2024

Passed
03/07/2024

Dead

Signed/Enacted/Adopted
03/21/2024

Introduced Session

2024 Budget Session

Bill Summary

AN ACT relating to taxation; establishing a property tax exemption for single family residential structures based on the prior year assessed value; requiring information related to the tax exemption to be included on the tax assessment schedule; providing rulemaking authority; specifying applicability; and providing for an effective date.

AI Summary

This bill establishes a property tax exemption for single-family residential structures and the associated improved land. The exemption applies to any assessed value that exceeds the prior year's assessed value, plus 4%, with some exceptions. The exemption does not apply if the increase in value is due to structural changes, new construction, or if the owner acquired the property in the prior year, with some exceptions. The Department of Revenue is required to adopt rules to administer the exemptions. The exemption for the residential structure will first apply to the 2024 tax year, while the exemption for the associated land will first apply to the 2025 tax year.

Committee Categories

Budget and Finance

Sponsors (34)

Lane Allred (R)*, Jim Anderson (R)*, Dalton Banks (R)*, Eric Barlow (R)*, Ryan Berger (R)*, Andrew Byron (R)*, Ken Clouston (R)*, Jon Conrad (R)*, Ed Cooper (R)*, Barry Crago (R)*, Dan Dockstader (R)*, Ogden Driskill (R)*, Steve Harshman (R)*, Bill Henderson (R)*, Dave Kinskey (R)*, Bill Landen (R)*, Lloyd Larsen (R)*, J.T. Larson (R)*, Martha Lawley (R)*, Tara Nethercott (R)*, Sandy Newsome (R)*, Tony Niemiec (R)*, David Northrup (R)*, Ember Oakley (R)*, Jared Olsen (R)*, Wendy Schuler (R)*, Albert Sommers (R)*, Clark Stith (R)*, Reuben Tarver (R)*, Tom Walters (R)*, Art Washut (R)*, Cyrus Western (R)*, Cody Wylie (R)*, Dan Zwonitzer (R)*,

Last Action

Assigned Chapter Number 107 (on 03/21/2024)

Official Document

https://www.wyoleg.gov/Legislation/2024/HB0045

Version:

Document Type	Source Location
State Bill Page	https://www.wyoleg.gov/Legislation/2024/HB0045
Analysis - Summary as Passed	https://www.wyoleg.gov/2024/Summaries/HB0045.pdf
BillText	https://www.wyoleg.gov/2024/Enroll/HB0045.pdf
Conference Committee	https://wyoleg.gov/2024/Amends/HB0045JC001.pdf
Senator Barlow	https://wyoleg.gov/2024/Amends/HB0045S3001.pdf
Senator Landen	https://wyoleg.gov/2024/Amends/HB0045S2001.pdf
Senate Revenue Committee	https://wyoleg.gov/2024/Amends/HB0045SS001.pdf
BillText	https://www.wyoleg.gov/2024/Engross/HB0045.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045H3003.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045H3002.pdf
Representative Yin	https://wyoleg.gov/2024/Amends/HB0045H3001.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045H2005.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045H2004.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045H2003.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045H2002.pdf
Representative Yin	https://wyoleg.gov/2024/Amends/HB0045H2001.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045HW003.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045HW002.pdf
Representative Locke	https://wyoleg.gov/2024/Amends/HB0045HW001.pdf
House Revenue Committee	https://wyoleg.gov/2024/Amends/HB0045HS001.pdf
BillText	https://www.wyoleg.gov/2024/Introduced/HB0045.pdf
Fiscal Note	https://www.wyoleg.gov/2024/Fiscal/HB0045.pdf

Bill > HB0045

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (34)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary