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SF0067 • 2025
Long-term homeowner tax exemption-revisions.
AN ACT relating to taxation; amending qualifications for the tax exemption for long-term homeowners; repealing the sunset date for the exemption; specifying applicability; and providing for an effective date.
Taxes
Did Not Pass
The latest official action shows that this bill did not move forward in that session.
- Sponsor
- Revenue
- Last action
- 2025-01-28
- Official status
- inactive
- Effective date
- 3/1/2025
Plain English Breakdown
The bill did not pass and was voted down on January 28, 2025. Therefore, it is unclear how many homeowners would be affected by these changes since they did not become law.
Changes to Long-term Homeowner Tax Exemption
This act proposes changes to the qualifications for long-term homeowners to claim a tax exemption on their primary residence in Wyoming, including removing the sunset date and changing residency requirements.
What This Bill Does
- Amends the qualifications needed for long-term homeowners to claim a tax exemption on their primary residence.
- Removes the sunset date that was set to end the exemption after a certain time.
- Requires owners claiming the exemption to be residents of Wyoming.
Who It Names or Affects
- Long-term homeowners who want a tax exemption on their primary residence in Wyoming.
Terms To Know
- Primary Residence
- Residential real property where the person claiming the exemption actually resides for at least six months of the year.
Limits and Unknowns
- This bill did not pass and was voted down on January 28, 2025.
- It is unclear how many homeowners will be affected by these changes since it did not become law.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: The amendment changes the expiration date of a tax exemption for long-term homeowners from July 1, 2027 to July 1, 2030.
- Changes the sunset date for the homeowner tax exemption from July 1, 2027 to July 1, 2030.
Plain English: The amendment changes the requirements for long-term homeowner tax exemptions by adding residency rules and removing specific time limits.
- Adds a requirement that each owner claiming the exemption must be a resident of Wyoming.
- Removes the phrase 'for not less than six months of the year' from the eligibility criteria.
- The amendment does not specify how residency will be determined, leaving this to department rules.
Bill History
-
2025-01-28
Senate
S COW:Failed 13-15-1-0-2
-
2025-01-16
Senate
S COW:Laid Back
-
2025-01-15
Senate
S Placed on General File
-
2025-01-15
Senate
S03 - Revenue:Recommend Do Pass 3-2-0-0-0
-
2025-01-14
Senate
S Introduced and Referred to S03 - Revenue
-
2025-01-02
Senate
S Received for Introduction
-
2024-12-28
LSO
Bill Number Assigned
Current Bill Text
Read the full stored bill text
25LSO-0170
2025
STATE OF WYOMING
25LSO-0170
Numbered
2.0
SENATE FILE NO. SF0067
Long-term homeowner tax exemption-revisions.
Sponsored by: Joint Revenue Interim Committee
A BILL
for
AN ACT relating to taxation; amending qualifications for the tax exemption for long-term homeowners; repealing the sunset date for the exemption; specifying applicability; and providing for an effective date.
Be It Enacted by the Legislature of the State of Wyoming:
Section 1.
W.S. 39
‑
11
‑
105(a)(xlv)(B) and (C)(II) is amended to read:
39
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11
‑
105.
Exemptions.
(a)
The following property is exempt from property taxation:
(xlv)
A portion of property used as a primary residence by long
‑
term homeowners as provided in this paragraph. The following shall apply to this exemption:
(B)
Not more than one (1) exemption under this paragraph shall apply to the same property in any year and no owner shall claim more than one (1) exemption under this paragraph in any year including property that houses more than one (1) family. To claim an exemption under this paragraph the owner of the residential real property shall submit a claim to the county assessor not later than the fourth Monday in May each year on forms provided by the department of revenue demonstrating that the person is the owner of the property, that the person or the person's spouse is sixty
‑
five (65) years of age or older and has paid residential property tax in Wyoming for twenty
‑
five (25) years or more on any residential property and that the property is the person's primary residence.
A surviving spouse of a person who qualified under this paragraph and who would not otherwise qualify under this paragraph shall continue to qualify for the exemption under this paragraph.
False claims are punishable as provided by W.S. 6
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5
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303;
(C)
As used in this paragraph:
(II)
"Primary residence" means residential real property where the person claiming the exemption actually resides for not less than
eight (8)
six (6)
months of the year;
Section 2
.
2024 Wyoming Session Laws, Chapter 106, Section 2 is repealed.
Section 3.
The exemption provided by W.S. 39
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11
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105(a)(xlv) as amended in section 1 of this act shall first apply to the tax year beginning January 1, 2026.
Section 4
.
This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.
(END)
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SF0067