Bill > HB0066

This bill creates a comprehensive framework for addressing abandoned and nuisance properties in Wyoming cities and towns, offering tax incentives and regulatory mechanisms to encourage property improvement. The legislation allows local governing bodies to designate properties as abandoned or nuisance if they have been vacant for at least six months or contain significantly deteriorated structures, with restrictions on the number of such properties based on the city or town's population size. Property owners can receive tax credits of up to 50% for demolishing abandoned properties or bringing them into compliance with local codes within two years of designation, and new property owners who purchase and improve such properties within five years are also eligible for similar tax credits. The bill provides detailed guidelines for how these tax credits can be claimed, including requirements for documenting expenditures and obtaining approval from the local governing body. Additionally, the legislation authorizes cities and towns to assess abatement costs and create liens against properties where nuisances are addressed, giving local governments more tools to manage neglected properties. The tax credits can be applied against future tax payments for up to ten years, with provisions preventing multiple credits for the same property within a decade. The act is set to become effective on July 1, 2025, giving municipalities time to prepare for implementation.

Corporations, Elections and Political Subdivisions (Joint)

https://www.wyoleg.gov/Legislation/2025/HB0066