summary
Introduced
02/15/2024
02/15/2024
In Committee
02/21/2024
02/21/2024
Crossed Over
Passed
Dead
02/23/2024
02/23/2024
Introduced Session
Potential new amendment
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 in Wyoming. The exemption applies to the assessed value that exceeds the prior year's assessed value plus 5%, except for cases where the increase is due to structural changes or the owner acquired the property in the previous calendar year. The Department of Revenue is required to adopt rules to administer the exemption, and the tax assessment schedule must include an estimate of the taxes that will be avoided if the property is eligible for the exemption. The exemption will first apply to the tax year beginning January 1, 2024.
Committee Categories
Budget and Finance, Justice
Sponsors (26)
Lane Allred (R)*,
Jim Anderson (R)*,
Dalton Banks (R)*,
Eric Barlow (R)*,
Ryan Berger (R)*,
Andrew Byron (R)*,
Jon Conrad (R)*,
Ed Cooper (R)*,
Barry Crago (R)*,
Ogden Driskill (R)*,
Steve Harshman (R)*,
Bill Henderson (R)*,
Lloyd Larsen (R)*,
J.T. Larson (R)*,
Martha Lawley (R)*,
Tara Nethercott (R)*,
Sandy Newsome (R)*,
Tony Niemiec (R)*,
Ember Oakley (R)*,
Wendy Schuler (R)*,
Albert Sommers (R)*,
Clark Stith (R)*,
Tom Walters (R)*,
Cyrus Western (R)*,
Cody Wylie (R)*,
Dan Zwonitzer (R)*,
Last Action
COW:S Did not consider for COW (on 02/23/2024)
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/SF0063 |
| Senate Judiciary Committee | https://wyoleg.gov/2024/Amends/SF0063SS001.pdf |
| BillText | https://www.wyoleg.gov/2024/Introduced/SF0063.pdf |
| Fiscal Note | https://www.wyoleg.gov/2024/Fiscal/SF0063.pdf |
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