This bill amends the qualifications for the tax exemption available to long-term homeowners in Wyoming. It specifies that to qualify for the exemption, the homeowner must be at least 65 years old and have paid residential property tax in Wyoming for 25 years or more. The bill removes the provision that allowed a surviving spouse of a qualifying individual to continue receiving the exemption if they did not otherwise qualify. Additionally, the definition of "primary residence" is updated to require that the homeowner actually resides in the property for at least six months of the year, down from the previous requirement of eight months.

Furthermore, the bill repeals the sunset date for the exemption, ensuring its continued availability. The amended exemption will first apply to the tax year beginning January 1, 2026, and the act will take effect immediately upon completion of the necessary legislative processes.

Statutes affected:
Introduced: 39-11-105