Bill > HB0147

This bill, titled "Property tax exemptions-effect of people's initiative," proposes to repeal Wyoming's existing homeowner tax exemption, which provides a partial exemption from property taxes for a single-family residential structure and its associated land, if a separate citizen-led initiative to establish a homeowner's property tax exemption is approved by voters and enacted into law. Specifically, the bill adds a provision to existing law (W.S. 39-11-105(a)(xlvi)) stating that this homeowner tax exemption will be repealed on the date the Secretary of State confirms voter approval of such an initiative. Furthermore, it clarifies that if this voter-approved exemption becomes effective for the tax year beginning January 1, 2027, then the existing homeowner tax exemption will not apply for that same tax year. The bill is set to take effect on July 1, 2026.

Budget and Finance, Business and Industry

https://www.wyoleg.gov/Legislation/2026/HB0147