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WY SF0086

WY SF0086
Wyoming property tax relief authority.


summary

Introduced
In Committee
Crossed Over
Passed
Dead
02/11/2026

Introduced Session

2026 Budget Session

Bill Summary

AN ACT relating to the administration of the government; creating the Wyoming property tax relief authority; specifying duties and powers of the authority; creating a property tax loan program; authorizing the issuance of bonds under specified conditions; requiring notice of the property tax loan program in assessment schedules; providing an appropriation; authorizing positions; and providing for effective dates.

AI Summary

This bill establishes the Wyoming Property Tax Relief Authority, a new state entity tasked with creating and managing a property tax loan program to assist Wyoming homeowners facing increased property tax burdens on their primary residences. The Authority will be governed by a five-member board appointed by the governor and will have the power to borrow money by issuing bonds, which will be repaid solely from the revenues generated by the loan program itself and will not be obligations of the state. The bill also mandates that property tax assessment schedules must include information about any state-authorized property tax relief programs, and it appropriates $100,000 for the administrative expenses of the new Authority, with the loan program set to begin on July 1, 2026.

Sponsors (1)

Last Action

Failed Introduction 14-17-0-0-0 (on 02/11/2026)

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