Bill > SF0150

This bill creates a property tax exemption for for-profit trade schools located in Wyoming, designed to support workforce development and economic growth. Specifically, the bill allows for-profit trade schools to be exempt from property taxes on real and tangible personal property used exclusively for educational purposes, provided they meet several key criteria: they must be registered and physically located in Wyoming, operated primarily to provide postsecondary technical or career-technical education, offer programs aligned with workforce development needs, and maintain accreditation by a recognized accrediting body. To qualify, schools must apply for the exemption with documentation proving their eligibility, and the exemption will be valid for five tax years, subject to annual updates and potential audits. The exemption does not cover property used for commercial purposes unrelated to education, and schools must reapply for the exemption at least six months before it expires. The bill's purpose is explicitly stated as encouraging the operation and expansion of for-profit trade schools in Wyoming to support economic development, with the exemption set to take effect on January 1, 2026, and the Department of Revenue tasked with creating rules to implement the new law.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/SF0150