Bill > SF0177

This bill creates a new Residential Property Tax Reduction Account and establishes a residential property tax refund program in Wyoming. The bill directs that certain unappropriated funds from the budget reserve account and excess earnings from the Wyoming Mineral Trust Fund be transferred to this new account. Under the program, homeowners can apply for a property tax refund for their primary residence, with the refund capped at $13,300 of property taxes paid in the preceding calendar year. To qualify, a homeowner must have lived in the primary residence for at least six months of the tax year, and the property must be a dwelling designed for up to four families, including associated residential land up to 35 acres. Refund amounts will be proportionally reduced if the account lacks sufficient funds to cover all claims. The program will first be implemented for tax year 2025, with refunds provided in 2026, and the act becomes effective on July 1, 2025. For even-numbered years, refunds will be capped at half the account balance, while odd-numbered years can use the full account balance for refunds.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/SF0177