This bill establishes a property tax exemption for volunteer firefighters in Wyoming, specifically those who have been bona fide residents for at least three years. The exemption allows for an annual reduction of up to $3,000 in assessed property value. To qualify, volunteer firefighters must file a sworn claim with their county assessor by the fourth Monday in May, providing various documentation, including a statement from their supervisor confirming their eligibility. The exemption is limited to the claimant's principal residence and can only be claimed in one county. Additionally, once approved, claimants must confirm their continued eligibility each year.

The bill also amends existing tax exemption laws to include a new paragraph that specifically addresses the property of volunteer firefighters. It requires that any refunds or exemptions claimed under this new provision be reported in conjunction with other tax benefits to ensure compliance and prevent double-dipping. The act is set to take effect on July 1, 2024.

Statutes affected:
24LSO-0027 v0.5: 39-11-105, 39-11-109