| 1 | 1 | | 2025 |
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| 2 | 2 | | STATE OF WYOMING |
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| 3 | 3 | | 25LSO-01701SF0067 |
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| 4 | 4 | | SENATE FILE NO. SF0067 |
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| 5 | 5 | | Long-term homeowner tax exemption-revisions. |
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| 6 | 6 | | Sponsored by: Joint Revenue Interim Committee |
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| 7 | 7 | | A BILL |
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| 8 | 8 | | for |
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| 9 | 9 | | 1 AN ACT relating to taxation; amending qualifications for |
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| 10 | 10 | | 2 the tax exemption for long-term homeowners; repealing the |
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| 11 | 11 | | 3 sunset date for the exemption; specifying applicability; |
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| 12 | 12 | | 4 and providing for an effective date. |
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| 13 | 13 | | 5 |
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| 14 | 14 | | 6 |
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| 15 | 15 | | 7 |
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| 16 | 16 | | 8W.S. 39-11-105(a)(xlv)(B) and (C)(II) is |
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| 17 | 17 | | 9 amended to read: |
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| 18 | 18 | | 10 |
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| 19 | 19 | | 11 |
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| 20 | 20 | | 12 |
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| 21 | 21 | | 13 (a) The following property is exempt from property |
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| 22 | 22 | | 14 taxation: |
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| 23 | 23 | | 15 2025STATE OF WYOMING25LSO-01702SF00671 (xlv) A portion of property used as a primary |
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| 24 | 24 | | 2 residence by long-term homeowners as provided in this |
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| 25 | 25 | | 3 paragraph. The following shall apply to this exemption: |
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| 26 | 26 | | 4 |
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| 27 | 27 | | 5 (B) Not more than one (1) exemption under |
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| 28 | 28 | | 6 this paragraph shall apply to the same property in any year |
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| 29 | 29 | | 7 and no owner shall claim more than one (1) exemption under |
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| 30 | 30 | | 8 this paragraph in any year including property that houses |
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| 31 | 31 | | 9 more than one (1) family. To claim an exemption under this |
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| 32 | 32 | | 10 paragraph the owner of the residential real property shall |
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| 33 | 33 | | 11 submit a claim to the county assessor not later than the |
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| 34 | 34 | | 12 fourth Monday in May each year on forms provided by the |
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| 35 | 35 | | 13 department of revenue demonstrating that the person is the |
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| 36 | 36 | | 14 owner of the property, that the person or the person's |
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| 37 | 37 | | 15 spouse is sixty-five (65) years of age or older and has |
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| 38 | 38 | | 16 paid residential property tax in Wyoming for twenty-five |
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| 39 | 39 | | 17 (25) years or more on any residential property and that the |
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| 40 | 40 | | 18 property is the person's primary residence. |
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| 41 | 41 | | 19 |
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| 42 | 42 | | 20 |
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| 43 | 43 | | 21 |
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| 44 | 44 | | 22 False claims are punishable as provided by W.S. 6-5-303; |
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| 45 | 45 | | 23 2025STATE OF WYOMING25LSO-01703SF00671 (C) As used in this paragraph: |
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| 46 | 46 | | 2 |
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| 47 | 47 | | 3 (II) "Primary residence" means |
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| 48 | 48 | | 4 residential real property where the person claiming the |
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| 49 | 49 | | 5 exemption actually resides for not less than |
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| 50 | 50 | | 6 months of the year; |
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| 51 | 51 | | 7 |
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| 52 | 52 | | 8. 2024 Wyoming Session Laws, Chapter 106, |
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| 53 | 53 | | 9 Section 2 is repealed. |
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| 54 | 54 | | 10 |
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| 55 | 55 | | 11The exemption provided by W.S. |
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| 56 | 56 | | 12 39-11-105(a)(xlv) as amended in section 1 of this act shall |
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| 57 | 57 | | 13 first apply to the tax year beginning January 1, 2026. |
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| 58 | 58 | | 14 |
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| 59 | 59 | | 15. This act is effective immediately upon |
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| 60 | 60 | | 16 completion of all acts necessary for a bill to become law |
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| 61 | 61 | | 17 as provided by Article 4, Section 8 of the Wyoming |
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| 62 | 62 | | 18 Constitution. |
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| 63 | 63 | | 19 |
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| 64 | 64 | | 20 (END) |
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