HB0066

Failed

Cities and towns-abandoned and nuisance properties.

Allow cities and towns to offer tax credits for improving abandoned properties and assess fees for abatement costs.

Full legal title

AN ACT relating to cities and towns; providing a tax credit for expenditures to incentivize the improvement of abandoned and nuisance properties; authorizing cities and towns to designate abandoned and nuisance properties for purposes of the tax credit; authorizing cities and towns to assess a fee for costs to abate a nuisance or to repair, remove or destroy dangerous property; and providing for an effective date.

Property Taxes

Sponsor:

View on wyoleg.gov Introduced Text (PDF)Digest (PDF)Fiscal Note (PDF)

What does this bill do?

Authorizes cities and towns to designate abandoned and nuisance properties and provides tax credits to owners who improve or demolish such properties.

Cities and towns may designate properties as abandoned (vacant for at least 6 months) or nuisance (neglected with significantly deteriorated structures) properties. Designation limits apply based on city/town population: 3 properties for towns under 15,000 residents, 6 for towns with 15,000-50,000 residents, and 10 for towns with over 50,000 residents. (W.S. 15-9-301(a))
Defines criteria for determining whether a property is abandoned (examining occupancy status) or a nuisance (considering whether unreasonable or unlawful use or condition causes economic or physical injury to neighboring properties or endangers public health and safety). (W.S. 15-9-301(b))
Original property owners who demolish a designated abandoned or nuisance property and remove all debris within 2 years of designation are eligible for a tax credit up to 50% of demolition and removal costs. (W.S. 15-9-301(c))
Original property owners who bring a designated abandoned or nuisance property into substantial compliance with applicable codes within 2 years of designation are eligible for a tax credit up to the amount expended. (W.S. 15-9-301(d))
New owners who purchase a designated abandoned or nuisance property and demolish it or bring it into code compliance within 5 years of purchase are eligible for a tax credit up to the amount expended. (W.S. 15-9-301(e))
Property owners claiming tax credits must document and submit proof of expenditures to the city or town governing body for approval before receiving credit eligibility. Only expenditures directly related to demolition or code compliance and made within the specified time limits are approvable. (W.S. 15-9-301(f))
Tax credits are applied against future property tax payments on the improved property for up to 10 years, with no tax refunds authorized. Credits may be reserved for use in later tax years but must be used within 10 years of first eligibility. (W.S. 39-13-109(d)(ii)(A), W.S. 39-13-109(d)(ii)(B))

Actions (3)

2/3/2025(House)

H Did not Consider for Introduction

1/2/2025(House)

H Received for Introduction

12/20/2024(LSO)

Bill Number Assigned

Roll Call Votes (0)

No roll call votes recorded.