The bill amends the property tax refund program in Wyoming by clarifying the total maximum household income limit for eligibility. Specifically, it reduces the income threshold from 165% to 145% of the median gross household income for the applicant's county or the state. This change applies to both the general property tax refund program and any county-optional property tax refund programs that may be implemented. Additionally, the bill stipulates that gross income must be verified through federal income tax returns or other means determined by the department or county.

Furthermore, the bill maintains the requirement that individuals must have total household assets not exceeding $150,000 per adult member, adjusted annually for cost-of-living. The effective date for this act is set for July 1, 2025. Overall, the bill aims to refine the eligibility criteria for property tax refunds, potentially making it more accessible to lower-income households.

Statutes affected:
Introduced: 39-13-109