HB0067HS001

This amendment modifies the veterans property tax exemption bill by extending residency requirements, adjusting military service duration thresholds, adding an annual appropriation for county reimbursement, and delaying the effective date.

• Reinstates the three-year bona fide Wyoming residency requirement (instead of one year) for individuals claiming the veterans property tax exemption. (Page 2, line 9)
• Increases the required active duty service period from 18 consecutive months to 24 consecutive months for honorably discharged veterans of the United States armed forces. (Page 2, lines 18-20)
• Increases the required service period from 18 consecutive months to 24 consecutive months for honorably discharged veterans who served in the Wyoming national guard. (Page 2, lines 19-23)
• Creates a new appropriation of $5,000,000 annually from the legislative stabilization reserve account, effective July 1, 2027, to reimburse counties for veterans property tax exemptions when state treasurer biennial appropriations are insufficient. Includes provisions for prorating funds among counties and requiring gubernatorial approval for expenditures exceeding $100,000. (Page 3, lines 25-43)Agency: State Treasurer's Office · $5,000,000 Legislative Stabilization Reserve Account
• Changes the first applicable tax year for the exemption from January 1, 2026 to January 1, 2027. (Page 4, lines 2-3)
• Changes the effective date of the act from immediate upon completion to July 1, 2026. (Page 4, lines 4-7)

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