summary
Introduced
01/27/2025
01/27/2025
In Committee
Crossed Over
Passed
Dead
03/03/2025
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)
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/2025/HB0098 |
BillText | https://www.wyoleg.gov/2025/Introduced/HB0098.pdf |
Fiscal Note | https://www.wyoleg.gov/2025/Fiscal/HB0098.pdf |
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