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SF0068

Property Tax Exemption for Tangible Personal Property

Last scannedAug 25, 2026, 2:25 AM

In one sentence

The bill provides a property tax exemption of up to $20,000 for tangible personal property used in business and excludes certain items from the exemption.

What it does

  • Creates an exemption from property taxes for tangible personal property with a fair market value not exceeding $20,000 used in business operations.
  • Defines 'tangible personal property' as excluding any property held for personal or family use.

Who it affects

  • Business owners who have tangible personal property with a fair market value of up to $20,000 used in their business operations.

Limits and unknowns

  • The exemption does not apply to any property tax assessments imposed before January 1, 2025.
  • It excludes personal and family-use items from the definition of tangible personal property eligible for the exemption.

Plain language

Terms to know

Tangible Personal Property
Physical items owned by a business that can be touched and moved, such as equipment or inventory.

Official record

Sources

Validated
Official bill pageIntroduced textOfficial digestCurrent bill textStored full record

Public statements

Why lawmakers voted

Last checked Aug 8, 1:05 AM

Voted Yes

Why they voted this way

The lawmaker supports the amendment to broaden tax relief for as many people as possible, specifically targeting small businesses and trailer house owners by raising the exemption limit.

Public statementFloor statement at 2:19:06 Watch the statement

Bill Landen

R · S27

Voted Yes

Why they voted this way

The lawmaker explains the bill provides tax relief for tangible personal property and notes that while no other revenue bills were advanced, this one deserves consideration.

Public statementFloor statement at 2:54 Watch the statement

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

Wyoming roll calls

Recorded votes

5 roll calls

H03 - Revenue:Do Pass Failed 4-5-0-0-02024-03-04 · House4 yes 5 no
Yes
4
No
5
Absent
0
Excused
0
Conflict
0

Yes 4

David E NorthrupH25John BearR · H31Tomi StrockR · H06Tony LockeR · H35

No 5

Andrew ByronR · H22Ember OakleyH55Liz StorerD · H23Steve HarshmanR · H37ZWONITZER
S 3rd Reading:Passed 25-6-0-0-02024-02-27 · Senate25 yes 6 no
Yes
25
No
6
Absent
0
Excused
0
Conflict
0

Yes 25

Affie EllisS08Anthony BouchardS06Bill LandenR · S27Bo BitemanR · S21Bob IdeR · S29Brian BonerR · S02Charles ScottR · S30Cheri SteinmetzR · S03Chris RothfussD · S09Dan DockstaderR · S16Dan FurphyS10Dan LaursenR · S19David A KinskeyS22Ed CooperR · S20Eric BarlowR · S23Evie BrennanR · S31Fred A BaldwinS14Larry HicksR · S11Lynn HutchingsR · S05Mike GierauD · S17Ogden DriskillR · S01Tara NethercottR · S04Tim FrenchR · S18Tim SalazarR · S26Troy McKeownR · S24

No 6

Cale CaseR · S25Jim AndersonR · S28John KolbR · S12Stacy JonesR · S13Stephan PappasR · S07Wendy SchulerR · S15
Amendment adopted 29-2-0-0-02024-02-27 · Senate29 yes 2 no
Yes
29
No
2
Absent
0
Excused
0
Conflict
0

Yes 29

Affie EllisS08Bill LandenR · S27Bo BitemanR · S21Bob IdeR · S29Brian BonerR · S02Cale CaseR · S25Charles ScottR · S30Cheri SteinmetzR · S03Chris RothfussD · S09Dan DockstaderR · S16Dan FurphyS10Dan LaursenR · S19David A KinskeyS22Ed CooperR · S20Eric BarlowR · S23Evie BrennanR · S31Fred A BaldwinS14Jim AndersonR · S28John KolbR · S12Larry HicksR · S11Lynn HutchingsR · S05Ogden DriskillR · S01Stacy JonesR · S13Stephan PappasR · S07Tara NethercottR · S04Tim FrenchR · S18Tim SalazarR · S26Troy McKeownR · S24Wendy SchulerR · S15

No 2

Anthony BouchardS06Mike GierauD · S17
S03 - Revenue:Recommend Do Pass 4-1-0-0-02024-02-22 · Senate4 yes 1 no
Yes
4
No
1
Absent
0
Excused
0
Conflict
0

Yes 4

Bo BitemanR · S21Bob IdeR · S29Tim FrenchR · S18Troy McKeownR · S24

No 1

Stephan PappasR · S07
S Introduced and Referred to S01 - Judiciary 25-3-3-0-02024-02-15 · Senate25 yes 3 no
Yes
25
No
3
Absent
0
Excused
3
Conflict
0

Yes 25

Affie EllisS08Anthony BouchardS06Bill LandenR · S27Bo BitemanR · S21Bob IdeR · S29Brian BonerR · S02Charles ScottR · S30Dan DockstaderR · S16Dan FurphyS10Dan LaursenR · S19Ed CooperR · S20Eric BarlowR · S23Evie BrennanR · S31Fred A BaldwinS14Jim AndersonR · S28John KolbR · S12Larry HicksR · S11Lynn HutchingsR · S05Ogden DriskillR · S01Stacy JonesR · S13Stephan PappasR · S07Tim FrenchR · S18Tim SalazarR · S26Troy McKeownR · S24Wendy SchulerR · S15

No 3

Cale CaseR · S25Chris RothfussD · S09Mike GierauD · S17

Excused 3

Cheri SteinmetzR · S03David A KinskeyS22Tara NethercottR · S04

Official activity

Bill history

  1. H:Died in Committee Returned Bill Pursuant to HR 5-4House
  2. H No report prior to CoW CutoffHouse
  3. H03 - Revenue:Do Pass Failed 4-5-0-0-0House
  4. H Introduced and Referred to H03 - RevenueHouse
  5. H Received for IntroductionHouse
  6. S 3rd Reading:Passed 25-6-0-0-0Senate
  7. S 2nd Reading:PassedSenate
  8. S COW:PassedSenate
  9. S Placed on General FileSenate
  10. S03 - Revenue:Recommend Do Pass 4-1-0-0-0Senate
  11. : Refer to S03 - RevenueSenate
  12. S Introduced and Referred to S01 - Judiciary 25-3-3-0-0Senate
  13. S Received for IntroductionSenate
  14. Bill Number AssignedLSO

Changes

Amendments

2 stored

SF0068S2001

The amendment adds a limit to the property tax exemption for tangible personal property, capping it at $20,000.

SF0068S3001

The amendment modifies the bill to remove certain sections, delete specific wording, and add a new limit on property tax exemption for tangible personal property.