WY HB0052

Bill

WY HB0052

Property tax-homestead exemption.

Introduced
02/13/2024

In Committee
02/28/2024

Crossed Over
02/27/2024

Passed

Dead
03/05/2024

Introduced Session

2024 Budget Session

Bill Summary

AN ACT relating to taxation; establishing a homestead exemption for primary residences; providing a penalty for false claims; providing a sunset date; providing an appropriation; and providing for an effective date.

AI Summary

This bill establishes a homestead exemption for primary residential properties, exempting the first $100,000 of fair market value from property taxes. The exemption applies to single-family residential structures, including houses, modular homes, mobile homes, townhouses, and condominiums. The bill also appropriates $123.4 million from the general fund to the Department of Revenue to reimburse local governments for the revenue lost due to the homestead exemption. The exemption will first apply to the tax year beginning January 1, 2024, and the bill is set to sunset on December 31, 2024, unless further extended by the legislature.

Committee Categories

Budget and Finance

Sponsors (11)

Lane Allred (R)*, Fred Baldwin (R)*, Ryan Berger (R)*, Andrew Byron (R)*, Ken Clouston (R)*, Barry Crago (R)*, Ogden Driskill (R)*, J.T. Larson (R)*, David Northrup (R)*, Albert Sommers (R)*, Cyrus Western (R)*,

Last Action

S:Died in Committee Returned Bill Pursuant to SR 5-4 (on 03/05/2024)

Official Document

https://www.wyoleg.gov/Legislation/2024/HB0052

Version:

Document Type	Source Location
State Bill Page	https://www.wyoleg.gov/Legislation/2024/HB0052
BillText	https://www.wyoleg.gov/2024/Engross/HB0052.pdf
Representative Harshman	https://wyoleg.gov/2024/Amends/HB0052H3007.pdf
Representative Storer	https://wyoleg.gov/2024/Amends/HB0052H3006.pdf
Representative Sommers	https://wyoleg.gov/2024/Amends/HB0052H3005.pdf
Representative Sommers	https://wyoleg.gov/2024/Amends/HB0052H3004.pdf
Representative Sommers	https://wyoleg.gov/2024/Amends/HB0052H3003.pdf
Representative Sommers	https://wyoleg.gov/2024/Amends/HB0052H3002.pdf
Representative Sommers	https://wyoleg.gov/2024/Amends/HB0052H3001.pdf
Representative Storer	https://wyoleg.gov/2024/Amends/HB0052H2004.pdf
Representative Olsen	https://wyoleg.gov/2024/Amends/HB0052H2003.pdf
Representative Sommers	https://wyoleg.gov/2024/Amends/HB0052H2002.pdf
Representative Oakley	https://wyoleg.gov/2024/Amends/HB0052H2001.pdf
House Appropriations Committee	https://wyoleg.gov/2024/Amends/HB0052HS002.pdf
House Revenue Committee	https://wyoleg.gov/2024/Amends/HB0052HS001.pdf
BillText	https://www.wyoleg.gov/2024/Introduced/HB0052.pdf
Fiscal Note	https://www.wyoleg.gov/2024/Fiscal/HB0052.pdf

Bill > HB0052

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (11)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary