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 also clarifies that only one exemption can be claimed per property in any given year, and it modifies the definition of "primary residence" to require that the homeowner resides in the property for at least six months of the year, down from the previous requirement of eight months.

Additionally, the bill repeals the sunset date for this exemption, ensuring its continued availability. It also removes provisions that allowed a surviving spouse of a qualifying homeowner to continue receiving the exemption if they did not otherwise qualify. The changes will first take effect for the tax year beginning January 1, 2026, and the act will become effective immediately upon completion of the necessary legislative processes.

Statutes affected:
Introduced: 39-11-105