The bill introduces a property tax exemption for Wyoming residents whose property has been damaged by wildfires in the previous tax year. Specifically, it amends W.S. 39-11-105(a) by adding a new paragraph (xlvi), which states that the fair market value of taxable property owned by a resident that was affected by a wildfire will be exempt from property taxation.

This legislation aims to provide financial relief to all residents impacted by wildfires, rather than limiting the exemption to specific groups such as farmers or ranchers. The bill is set to take effect on January 1, 2025.

Statutes affected:
25LSO-0335 v0.5: 39-11-105