The bill clarifies the taxability of state-owned lands in Wyoming by amending existing property tax exemption laws. It introduces a new exemption for lands owned by the state, stating that these lands are exempt from property taxation regardless of their use. This new provision will be effective for the tax year beginning January 1, 2025, and will be repealed on January 1, 2027. Additionally, the bill specifies that the exemption does not prevent the taxation of other properties, including improvements to land, that do not meet the criteria of being owned and used primarily for governmental purposes.

To further evaluate the implications of this tax exemption, the bill establishes a government property task force composed of members appointed by legislative leaders and the governor. The task force is tasked with reviewing the taxability of government property, considering historical taxation practices, and making recommendations for uniform exemptions across different types of government property. The task force is required to report its findings by October 1, 2025, and will be funded through appropriations from the general fund, totaling $65,000, to cover compensation and expenses for its members. The task force is set to terminate on June 30, 2026.

Statutes affected:
Introduced: 39-11-105