SF0089 Local housing projects-tax exemption amendments.

Plain English Breakdown

The bill did not pass and was not signed into law, so its provisions are not currently in effect.

Amending Tax Exemptions for Local Housing Projects

This act modifies tax exemption rules for housing projects owned and operated by local governments in Wyoming.

What This Bill Does

Modifies the requirement that property must be fully (100%) owned by a municipality or county to qualify for tax exemptions.

Specifies that parts of a project used for profit-making activities are not exempt from taxes, but allows for adjustments based on public services provided by local governments.

Allows municipalities and counties to make payments in place of taxes if it helps maintain the low-rent character of housing projects.

Who It Names or Affects

Local governments (cities and towns) in Wyoming

Property owners involved in housing projects

Terms To Know

Public property

Land or buildings owned by a government for public use.

Profitmaking enterprise

A business activity that aims to earn money.

Limits and Unknowns

The bill did not pass and was not signed into law.

It is unclear how many local housing projects will be affected by these changes.

Current Bill Text

Read the full stored bill text

26LSO-0369
2026
STATE OF WYOMING
26LSO-0369
Numbered
2.0

SENATE FILE NO. SF0089

Local housing projects-tax exemption amendments.

Sponsored by: Senator(s) Steinmetz, Hutchings, Kolb, McKeown and Pearson and Representative(s) Bear, Brown, G, Campbell, K, Lien, Locke, Lucas, Neiman, Pendergraft, Singh and Styvar

A BILL

for

AN ACT relating to cities and towns; amending a tax exemption for locally owned property used for housing projects; specifying applicability; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 15
‑
10
‑
107 is amended to read:

15
‑
10
‑
107.

Tax exemption for public property; requirements; exception.

(a)

The property of a municipality or county acquired or held pursuant to this chapter is public property used for essential public, governmental purposes and is exempt from all taxes and special assessments of any public body
, subject to all of the following:
.

(i)

This tax and assessment exemption shall not apply unless the property acquired or held pursuant to this chapter is one hundred percent (100%) owned by a municipality, county or agency or other entity that is under the full and complete control of the municipality or county;

(ii)

This tax
and assessment
exemption does not apply to any portion of a project used for a profitmaking enterprise, but in taxing those portions
,
appropriate allowance shall be made for any expenditure by a municipality or county for utilities or other public services which it provides to the property
;
.

(iii)

In lieu of taxes on property exempt under this section, a municipality or county may agree to make
such
payments to any public body as it finds consistent with the maintenance of the low
‑
rent character of housing projects and the achievement of the purpose of this chapter.

Section 2
.

This act shall apply to all taxpayers, cities, towns and counties beginning January 1, 2026.

Section 3.

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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SF0089