SF0067

Failed

Long-term homeowner tax exemption-revisions.

Extend the long-term homeowner tax exemption indefinitely and modify eligibility requirements for the program.

Full legal title

AN ACT relating to taxation; amending qualifications for the tax exemption for long-term homeowners; repealing the sunset date for the exemption; specifying applicability; and providing for an effective date.

Taxes

Sponsor:

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

What does this bill do?

Amends the long-term homeowner property tax exemption by reducing the primary residence requirement and removing the sunset date for the exemption.

Reduces the minimum number of months a person must reside in the property to qualify for the long-term homeowner tax exemption from 8 months to 6 months per year. (W.S. 39-11-105(a)(xlv)(C)(II), Sec. 1)
Repeals the sunset date for the long-term homeowner tax exemption, making it a permanent rather than temporary exemption. (Sec. 2, 2024 Wyoming Session Laws, Chapter 106, Section 2)
Specifies that the amended exemption qualifications first apply to the tax year beginning January 1, 2026. (Sec. 3)

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Actions (7)

1/28/2025(Senate)

S COW:Failed 13-15-1-0-2

1/16/2025(Senate)

S COW:Laid Back

1/15/2025(Senate)

S Placed on General File

1/15/2025(Senate)

S03 - Revenue:Recommend Do Pass 3-2-0-0-0

1/14/2025(Senate)

S Introduced and Referred to S03 - Revenue