SF0089 Local housing projects-tax exemption amendments.

Plain English Breakdown

Checked against official source text during the last sync.

Changes to Tax Exemptions for Local Housing Projects

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

What This Bill Does

Modifies the conditions under which locally owned property used for housing can be exempt from taxes.

Requires that the property must be fully owned by a city, town, or county to qualify for tax exemptions.

Specifies that parts of projects used for profit-making activities are not eligible for tax exemption.

Allows local governments to make payments in place of taxes if it helps maintain affordable housing.

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 city, town, or county used for public purposes.

Profit-making enterprise

A business activity that aims to generate income and profit.

Limits and Unknowns

The bill did not pass in the session it was introduced.

It is unclear how many 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