This amendment modifies the long-term homeowner property tax exemption by changing the claim deadline, adding a renewal verification process, and adjusting the statutory structure.
- Changes the catch title from 'sunset repeal' to 'amendments' to reflect that the bill amends the exemption rather than simply repealing its sunset date. (Page 1, lines 3-4)
- Adds to the catch title that the bill amends the amount of the long-term homeowner property tax exemption. (Page 1, lines 6-8)
- Replaces the bill's repeal of the sunset date with a substantive amendment to the exemption statute, establishing the exemption at 50% of assessed value (capped at $3,000,000 fair market value) for homeowners age 65+ with 25+ years of residential property tax payments in Wyoming. (Page 1, lines 10-15, and continued on Page 2, lines 1-15)
- Moves the annual claim deadline from the fourth Monday in May to March 1 each year. (Page 2, line 41)
- Creates a new renewal procedure requiring claimants in subsequent years to contact the assessor's office by telephone, mail, or other communication by March 1 to confirm they continue to meet the exemption requirements, rather than resubmitting full claims. (Page 2, lines 9-15)
- Renumbers the original Section 1 (repeal of sunset) to Section 2 and the original Section 2 (effective date) to Section 3, as the amendment inserts new substantive amendment language as the primary section. (Page 1, lines 17-19 and lines 21-23)
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