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Wyoming2024Did Not Pass

HB0203

Property Tax Reduction and Replacement Act

Last scannedAug 25, 2026, 2:25 AM

In one sentence

This act aims to reduce property taxes on single family homes by creating an exemption, while introducing a sales tax increase to fund local governments.

What it does

  • Establishes a property tax exemption for the first $200,000 of value in 2024 and $1 million starting from 2026 for single-family residential properties.
  • Imposes an additional two percent sales tax to replace lost revenue from the property tax exemption.
  • Distributes the new sales tax revenue to local governments based on their previous year's property tax losses due to the exemption.

Who it affects

  • Homeowners of single-family residential properties in Wyoming.
  • Local governments that receive funding from property taxes.
  • Businesses and individuals paying sales or use taxes.

Limits and unknowns

  • The bill did not pass and was rejected in the House on February 27, 2024.
  • Details about how the severance tax refund program will work are still being finalized through rulemaking by the department.
  • Specific rules for administering the property tax exemption need to be created.

Plain language

Terms to know

Property Tax Exemption
A reduction in the amount of property tax a homeowner pays on their single-family home.
Sales Tax Increase
An additional two percent sales tax imposed to replace revenue lost from reduced property taxes.

Official record

Sources

Validated

Public statements

Why lawmakers voted

Last checked Aug 8, 5:22 AM

Voted Yes

Why they voted this way

The lawmaker supports an amendment to exempt large industrial facilities from additional sales taxes because the current bill threatens specific multi-billion dollar projects and hundreds of jobs in his county.

Public statementFloor statement at 2:13:12 Watch the statement
Voted No

Why they voted this way

The lawmaker opposes an amendment because he believes removing existing checks and balances on special use taxes will allow cities to create confusing, separate tax rates across borders.

Public statementFloor statement at 2:14:32 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the amendment because it communicates a serious commitment to taxpayers by locking in the exemption amount adjusted for inflation.

Public statementFloor statement at 2:22:14 Watch the statement

Lloyd Larsen

R · H54

Voted Yes

Why they voted this way

The lawmaker supports the amendment as a moderate step to provide property tax relief by shifting some burden to sales tax, which is partly paid by non-residents.

Public statementFloor statement at 4:01 Watch the statement
Voted No

Why they voted this way

The lawmaker urges a no vote because she believes previous amendments already reduced spending by an amount comparable to the deficit this amendment would create.

Public statementFloor statement at 18:01 Watch the statement
Voted No

Why they voted this way

The lawmaker supports local governments and suggests finding non-essential spending to cut rather than creating a deficit.

Public statementFloor statement at 19:07 Watch the statement

J.T. Larson

R · H17

Voted Yes

Why they voted this way

The lawmaker believes the tax change is monumental and requires more time for study and corrections before implementation.

Public statementFloor statement at 31:32 Watch the statement
Voted No

Why they voted this way

The lawmaker urges a vote for the amendment because it stops municipalities from increasing special taxes permanently without voter consent.

Public statementFloor statement at 46:28 Watch the statement

Tony Locke

R · H35

Voted No

Why they voted this way

The lawmaker supports the amendment to ensure property assessments use fair market value rather than replacement value.

Public statementFloor statement at 47:50 Watch the statement

Barry Crago

R · H40

Voted Yes

Why they voted this way

The lawmaker urges a no vote because the amendment would require rebuilding the entire tax assessment system at great cost.

Public statementFloor statement at 49:29 Watch the statement

Mike Yin

D · H16

Voted Yes

Why they voted this way

The lawmaker urges a no vote because binding future legislatures prevents voters from having a say through their elected representatives.

Public statementFloor statement at 51:31 Watch the statement
Voted No

Why they voted this way

The lawmaker supports the amendment to provide a full property tax exemption for agricultural land.

Public statementFloor statement at 52:47 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the amendment as a fair way for agriculture to contribute given how property taxes are currently assessed on land value.

Public statementFloor statement at 58:33 Watch the statement
Voted Yes

Why they voted this way

The lawmaker states his goal was to find a way to pay for property tax exemptions permanently using sales tax revenue, avoiding reliance on the general fund or temporary accounts.

Public statementFloor statement at 2:15:18 Watch the statement
Voted Yes

Why they voted this way

The lawmaker explains that shortening the rebate timeline to 30 days is intended to help industry companies get money back onto their balance sheets more quickly.

Public statementFloor statement at 2:29:18 Watch the statement

J.T. Larson

R · H17

Voted Yes

Why they voted this way

The lawmaker expresses uncertainty about voting on an amendment because he is unclear on whether the definition of oil and gas pipeline companies includes producers with infield gathering systems or only commercial midstream entities.

Public statementFloor statement at 2:29:59 Watch the statement
Voted Yes

Why they voted this way

The lawmaker states his vote depends on whether CO2 is classified as an element of gas, noting he would oppose the amendment if it is included.

Public statementFloor statement at 2:31:21 Watch the statement

Bob Davis

R · H47

Voted No

Why they voted this way

The lawmaker supports delaying the bill's effective date to allow more time to consult with constituents and gauge their opinions before implementation.

Public statementFloor statement at 2:34:41 Watch the statement
Voted No

Why they voted this way

The lawmaker states a no vote based on significant concerns regarding the bill's justifiability, equity, stability, and transparency.

Public statementFloor statement at 2:43:46 Watch the statement
Voted No

Why they voted this way

The lawmaker opposes the bill due to unintended consequences where special districts could increase their mill levies without landowners paying, thereby consuming funds intended for other purposes.

Public statementFloor statement at 2:48:09 Watch the statement
Voted No

Why they voted this way

The lawmaker votes no because they believe the bill has not been sufficiently studied and there is insufficient time to digest its complex moving parts.

Public statementFloor statement at 2:57:32 Watch the statement

Liz Storer

D · H23

Voted No

Why they voted this way

The lawmaker opposes moving forward with the bill due to unknown consequences on various sectors and concerns that it narrows rather than broadens the tax base.

Public statementFloor statement at 2:58:29 Watch the statement

Tony Locke

R · H35

Voted No

Why they voted this way

The lawmaker urges caution and further analysis, citing concerns that the sales tax increase may negatively impact mineral industries competing globally.

Public statementFloor statement at 3:02:06 Watch the statement
Voted No

Why they voted this way

The lawmaker opposes passing the bill now because constituents on reservations who pay little sales tax would face a new burden without receiving property tax relief.

Public statementFloor statement at 3:06:23 Watch the statement

Daniel Singh

R · H61

Voted Yes

Why they voted this way

The lawmaker is undecided because the bill takes money from renters without providing them any benefit, while only relieving property owners.

Public statementFloor statement at 3:07:42 Watch the statement
Voted No

Why they voted this way

The lawmaker votes no because the increased sales tax will benefit only homeowners while being paid by everyone, which they view as inconsistent with how general fund taxes should operate.

Public statementFloor statement at 3:09:04 Watch the statement
Voted Yes

Why they voted this way

The lawmaker plans to vote against immediate passage, preferring to send the bill for further study in an interim period due to its complexity.

Public statementFloor statement at 3:11:23 Watch the statement

Daniel Singh

R · H61

Voted Yes

Why they voted this way

The lawmaker opposes immediate passage because the bill represents a significant shift in tax policy from property to sales tax that requires further study and vetting.

Public statementFloor statement at 1:47:15 Watch the statement

John Bear

R · H31

Voted No

Why they voted this way

The lawmaker opposes the bill because he fears the property tax exemption may not survive judicial scrutiny while the sales tax increase becomes permanent.

Public statementFloor statement at 1:48:34 Watch the statement
Voted Yes

Why they voted this way

The lawmaker supports the bill because it puts more money back in residents' pockets through exemptions than they pay in increased sales tax, and reduces courthouse foreclosures.

Public statementFloor statement at 1:49:36 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

6 roll calls

H 3rd Reading:Failed 14-47-1-0-02024-02-27 · House14 yes 47 no
Amendment adopted 34-27-1-0-02024-02-26 · House34 yes 27 no
Amendment adopted 46-15-1-0-02024-02-26 · House46 yes 15 no
H COW:Passed 31-29-2-0-02024-02-23 · House31 yes 29 no
H03 - Revenue:Recommend Amend and Do Pass 8-1-0-0-02024-02-20 · House8 yes 1 no
H Introduced and Referred to H03 - Revenue 44-17-1-0-02024-02-15 · House44 yes 17 no

Official activity

Bill history

  1. H 3rd Reading:Failed 14-47-1-0-0House
  2. H 2nd Reading:PassedHouse
  3. H COW:Passed 31-29-2-0-0House
  4. H Placed on General FileHouse
  5. H03 - Revenue:Recommend Amend and Do Pass 8-1-0-0-0House
  6. H Introduced and Referred to H03 - Revenue 44-17-1-0-0House
  7. H Received for IntroductionHouse
  8. Bill Number AssignedLSO

Changes

Amendments

26 stored

HB0203H2001

The amendment adds a sunset date to the Property Tax Reduction and Replacement Act, which means the act will end on July 1, 2027.

HB0203H2002

The amendment changes the property tax exemption limit for single family residential properties from one million dollars to two hundred thousand dollars and adjusts certain percentages in related provisions.

HB0203H2002.01

The amendment reduces the percentages used in certain provisions of HB0203 from two percent to one percent and from six percent to five percent.

HB0203H2002.02

The amendment changes the property tax exemption limit for single family residential properties from one million dollars to two hundred thousand dollars.

HB0203H2003

The amendment changes specific dates in the bill from years ending in '24' to years ending in '25', except for one instance where it changes a date from 2026 to 2027.

HB0203H2004

The amendment modifies a bill that aims to establish property tax exemptions for single-family residential properties by expanding the definition of what qualifies as part of such properties.

HB0203H2005

The amendment removes certain sections of the bill that revise existing tax provisions, remove specific lines related to local optional sales taxes, and deletes entire pages dealing with distribution rules and rulemaking authority.

HB0203H2006

The amendment modifies a provision in HB0203HS001/AC by adding language that sets a one percent sales tax if the property tax exemption is less than $500,000 for certain years.

HB0203H2007

The amendment adds a requirement that when determining property tax exemptions for single family residential properties, only the definition of fair market value as defined in W.S. 39-11-101(a)(vi) and required by W.S. 39-11-102(c)(xv) can be used, excluding any other methods like replacement value.

HB0203H2008

This amendment removes previous amendments and adds a statement about the intent of the legislature regarding a $1 million property tax exemption cap.

HB0203H2009

The amendment adds agricultural land to the list of properties eligible for a property tax exemption and makes corresponding changes in the bill's text.

HB0203H2010

The amendment adds agricultural land to the property tax exemption and adjusts sales tax rates for local governments.

HB0203H2011

The amendment modifies the bill to include agricultural land in property tax exemptions and adjusts sales tax rates for local governments.

HB0203H2012

The amendment adds a requirement that single family residential properties can only receive a property tax exemption if their owners live in the state for at least six months of the year.

HB0203H2013

The amendment modifies the property tax exemption for single family residential properties by excluding certain special districts from the exemption and adjusting sales tax rates.

HB0203H3001

The amendment modifies the property tax exemption for single family residential properties by excluding certain special districts and service improvement districts, and adjusts sales and use tax rates.

HB0203H3002

The amendment changes the bill to provide a property tax exemption for both single family residential structures and associated improved land, while also requiring specific information about these exemptions on tax assessment schedules.

HB0203H3003

The amendment proposes to remove a specific line from the bill that relates to property tax reduction and replacement.

HB0203H3004

The amendment adds a new excise tax on the sale of real property, sets the taxation rate at two percent, and requires county clerks to not record documents until the tax is paid.

HB0203H3005

The amendment adds an exemption to the additional sales tax for certain industrial facilities during their permitting and construction phases.

HB0203H3006

The amendment removes certain sections of the bill that relate to property tax exemptions and sales taxes, as well as entire pages dealing with specific provisions.

HB0203H3007

The amendment removes previous amendments and adds a requirement for the joint revenue interim committee to study the impacts of the act during the 2024 interim period.

HB0203H3008

The amendment removes previous changes to the bill and adds a new provision stating that a $1 million property tax exemption cap will not be decreased before July 1, 2034.

HB0203HW001

The amendment modifies the property tax exemption rules to include oil and gas pipeline companies and adjusts certain deadlines and financial thresholds.

HB0203HW002

This amendment changes specific dates in the bill from earlier years to later years, primarily moving deadlines or effective dates forward by two years.

HB0203HS001

The amendment modifies the property tax exemption for single family residential properties and adjusts sales and use taxes to compensate local governments for lost revenue.