The bill amends the property tax relief program in Wyoming, changing the terminology from "refund" to "relief" throughout the relevant sections of the law. It expands the eligibility criteria for applicants, allowing any person who occupies a property as their principal residence to apply for tax relief, regardless of ownership or responsibility for property tax payments. The bill also specifies that applicants must demonstrate they are current on all rent and obligations related to the property if they do not own it. Additionally, it establishes that the relief granted cannot exceed 75% of the property tax paid in the previous year, with a maximum limit based on the median residential property tax liability for the applicant's county.

Furthermore, the bill mandates that the Department of Revenue will create rules and regulations to implement these changes, including defining gross income and household assets for eligibility. It also requires counties to publicize the provisions of the property tax relief program to ensure residents are informed about how to apply. The effective date for these changes is set for January 1, 2025.

Statutes affected:
Introduced: 39-13-109