This bill establishes a framework for cities and towns in Wyoming to address abandoned and nuisance buildings by providing a tax credit for property owners who make improvements to such properties. It allows local governing bodies to designate properties as abandoned or nuisances based on specific criteria, including vacancy for six months or significant deterioration. The bill sets limits on the number of properties that can be designated concurrently, depending on the population size of the city or town. Additionally, it outlines the eligibility for tax credits based on expenditures made for demolition or bringing the property into compliance with applicable codes, with a maximum credit of 50% of the expenditures.

Furthermore, the bill amends existing laws to authorize cities and towns to assess fees for the costs associated with abating nuisances or repairing dangerous buildings. It specifies that property owners must document their expenditures and submit proof to the governing body for approval to qualify for the tax credit. The bill also includes provisions for the assessment of abatement costs and the creation of liens against real property, ensuring that these costs have priority upon filing. The act is set to take effect on July 1, 2025.

Statutes affected:
Draft 25LSO-0011: 15-1-103, 39-13-109