Business Property Tax Exemption
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Official record
Bill Summary - 25LSO-0108 Bill No.: SF0048 Effective: 1/1/2026 LSO No.: 25LSO-0108 Enrolled Act No.: SEA No. 0019 Chapter No.: 28 Prime Sponsor: Joint Revenue Interim Committee Catch Title: Business property exemption. Has Report: No Subject: Business property exemption. Summary/Major Elements: This bill provides an exemption from property tax for business property. The amount of the exemption is the first seventy ‑ five thousand dollars ($75,000.00) in fair market value of business property owned by a person in each county. For purposes of the exemption, "business property" is defined as taxable personal property excluding any property that is already exempt as personal property held for personal or family use. Comments: Has a delayed effective date of January 1, 2026. 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, 8:21 AM
R · H44
Why they voted this way
The lawmaker opposes the first amendment because they believe it unfairly restricts small business owners who operate multiple distinct businesses in different counties from receiving an exemption for each entity.
R · H43
Why they voted this way
The lawmaker opposes the first amendment, stating that current reporting methods are already audited and effective at preventing fraud, making the proposed restriction unnecessary.
R · H19
Why they voted this way
The lawmaker opposes the second amendment because inflation has driven up equipment costs significantly, making a $25,000 exemption inadequate for starting or operating small businesses like landscaping companies.
R · H17
Why they voted this way
The lawmaker opposes the second amendment because they believe $50,000 is an appropriate amount that exceeds inflation adjustments from the original law and supports local businesses.
R · H20
Why they voted this way
The lawmaker opposes the second amendment because they believe focusing on potential benefits for large corporations distracts from the fact that many small businesses need this tax relief.
R · H29
Why they voted this way
The lawmaker opposes the second amendment because they believe taxing tools and equipment used in a small business is excessive given that income tax, sales tax, and fuel taxes are already paid on those items.
D · H14
Why they voted this way
The lawmaker opposes the second amendment because they believe the policy is problematic due to its significant fiscal impact on schools and local services, warranting further study rather than immediate passage.
R · H09
Why they voted this way
The lawmaker argues that the bill acts as an investment in the community by helping businesses start faster, hire more people, and purchase equipment. He supports it to give new business owners a financial advantage.
D · S09
Why they voted this way
The lawmaker opposes the bill due to concerns that its structure is exploitable through LLCs, leading to unpredictable future revenue losses.
R · S13
Why they voted this way
The lawmaker opposes the bill because reducing revenue will force cuts to services that constituents rely on.
R · S25
Why they voted this way
The lawmaker opposes the bill, arguing that property taxes are constitutional and necessary to fund local government services.
R · S24
Why they voted this way
The lawmaker supports the bill as pro-business, arguing it is necessary to counter excessive regulations and help businesses prosper.
R · S12
Why they voted this way
The lawmaker opposes the bill, stating that constituents want reduced waste rather than this specific tax cut and that property taxes pay for services.
R · S29
Why they voted this way
The lawmaker supports the bill as a small benefit to help small businesses prosper and generate more sales tax revenue.
R · S28
Why they voted this way
The lawmaker opposes the bill because it decreases ad valorem taxes and provides an exemption that would cost the state more money.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
5 roll calls
Official activity
Changes
3 stored
The amendment changes the eligibility criteria for claiming a business property tax exemption, limiting it to one exemption per consolidated business entity.
The amendment changes the threshold for a business property tax exemption from $50,000 to $25,000.
The amendment changes the threshold for a business property tax exemption from $50,000 to $75,000.