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Bill > HB0098


WY HB0098

Property tax exemption for long-term homeowners-extension.


summary

Introduced
01/27/2025
In Committee
Crossed Over
Passed
Dead
03/03/2025

Introduced Session

2025 General Session

Bill Summary

AN ACT relating to taxation; repealing the sunset date of the property tax exemption for long-term homeowners; and providing for an effective date.

AI Summary

This bill repeals the sunset date for a property tax exemption benefiting long-term homeowners, effectively extending the existing tax exemption indefinitely. By removing the sunset clause from a previous law (specifically 2024 Wyoming Session Laws, Chapter 106, Section 2), the bill ensures that qualifying long-term homeowners will continue to receive a property tax exemption beyond the originally specified expiration date. The bill is set to take effect on July 1, 2025, which means the property tax exemption will remain in place for eligible homeowners after that date. While the specific details of the property tax exemption are not provided in this bill text, such exemptions typically aim to provide financial relief to homeowners who have owned their property for an extended period, helping to reduce the tax burden on long-standing community residents.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

H:Died in Committee Returned Bill Pursuant to HR 5-4 (on 03/03/2025)

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