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WY SF0089

WY SF0089
Local housing projects-tax exemption amendments.


summary

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

Introduced Session

2026 Budget Session

Bill Summary

AN ACT relating to cities and towns; amending a tax exemption for locally owned property used for housing projects; specifying applicability; and providing for an effective date.

AI Summary

This bill amends existing law to clarify and modify tax exemptions for locally owned housing projects, ensuring that such exemptions only apply if the property is entirely owned by a municipality, county, or an entity fully controlled by them, and that no part of the project is used for profit-making enterprises, though allowances will be made for public services provided. The bill also allows municipalities or counties to make payments in lieu of taxes to public bodies to maintain the affordability of these housing projects. These changes are set to take effect for all taxpayers, cities, towns, and counties starting January 1, 2026, and the act itself becomes law immediately upon its constitutional enactment.

Sponsors (15)

Last Action

Failed Introduction 18-13-0-0-0 (on 02/11/2026)

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