SF0039HS001

This amendment adds a definition of 'primary residence' for the long-term homeowner tax exemption and modifies the property valuation standard and eligibility language.

• Adds a cross-reference to subdivision (C)(II) in the exemption criteria. (Page 1, line 11)
• Changes the property valuation standard from 'assessed' to 'fair market' value. (Page 2, line 15)
• Adds exception language that references the new primary residence definition in subdivision (C)(II). (Page 2, line 20)
• Defines 'primary residence' as residential real property in Wyoming where the person claiming the exemption actually resides for at least eight months of the year, with a provision that months spent in multiple owner-occupied residences within Wyoming count toward the requirement if one property is sold and another is purchased. (Page 3, after line 14)

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