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 and used primarily as land leased for agricultural purposes will be exempt from property taxation, in addition to property used for governmental purposes.

The bill also includes a provision for its effective date, which is set for January 1, 2025. There is a suggestion in the staff comment for the Joint Revenue Committee to consider separating this tax exemption into its own paragraph for clarity, rather than incorporating it into the existing statute.

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