This bill proposes a property tax exemption for land owned by the state of Wyoming that is leased specifically for agricultural purposes. The amendment to W.S. 39-11-105(a)(ii) clarifies that property owned by the state is exempt from property taxation when it is primarily used as land leased for agricultural purposes or for governmental purposes.

The bill also includes a provision that it will take effect on January 1, 2025. Additionally, there is a suggestion from the staff comment that the Joint Revenue Committee may consider discussing this tax exemption further in their upcoming meeting and potentially placing it in its own paragraph for clarity in the law.

Statutes affected:
25LSO-0336 v0.4: 39-11-105