Tony Locke
R · H35
Why they voted this way
The lawmaker opposes adding a means test to the bill, arguing that it should remain unchanged to provide relief to homeowners.
Property Tax Exemption for Long-Term Homeowners
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Official record
Bill Summary - 24LSO-0188 Bill No.: HB0003 Effective: 1/1/2025 LSO No.: 24LSO-0188 Enrolled Act No.: HEA No. 0044 Chapter No.: 106 Prime Sponsor: Joint Revenue Interim Committee Catch Title: Property tax exemption for long-term homeowners. Has Report: No Subject: Property tax exemption for long-term homeowners. Summary/Major Elements: This bill creates a property exemption for long-term homeowners who are sixty-five (65) years of age or older and who have paid property tax in Wyoming for twenty-five (25) years. The amount of the property tax exemption is fifty percent (50%) of the assessed value of the residential real property that is used as a primary residence. The bill provides for a process for an owner to claim the exemption and provides definitions of "owner", "primary residence" and "residential real property". Comments: The bill is effective January 1, 2025. The bill has a sunset date of July 1, 2027. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Last checked Aug 5, 6:51 AM
R · H35
Why they voted this way
The lawmaker opposes adding a means test to the bill, arguing that it should remain unchanged to provide relief to homeowners.
R · H37
Why they voted this way
The lawmaker urges support to allow the bill to reach committee for discussion and potential amendments, noting it provides an exemption similar to those in other states.
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Wyoming roll calls
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Official activity
Changes
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The amendment changes how long-term homeowners can qualify for property tax exemptions by including those who own their primary residence through a corporation, partnership, or limited liability company.
The amendment adds a provision to reimburse counties for lost property tax revenue due to the exemption for long-term homeowners, with specific requirements for certain small counties.
The amendment adds a provision that the new tax exemption for long-term homeowners will end on July 1, 2027.
The amendment modifies a bill to add provisions for reimbursing counties for lost property tax revenue due to the exemption for long-term homeowners, including record-keeping requirements and state funding mechanisms.
The amendment changes the eligibility criteria for a property tax exemption by requiring homeowners to be at least 65 years old and have paid Wyoming residential property taxes for 25 years or more, with additional income restrictions.
The amendment changes the number of years required for homeownership from 30 to 25 years in certain sections and adds a new category of eligible individuals for tax exemptions.
The amendment changes the deadline for long-term homeowners to apply for a property tax exemption from the fourth Monday in May to March 1.