This bill proposes the repeal of the sunset date for the property tax exemption specifically designed for long-term homeowners in Wyoming. By removing the expiration date, the exemption will continue indefinitely, providing ongoing financial relief to eligible homeowners.

Additionally, the bill establishes an effective date of July 1, 2025, for the changes made by this legislation. This ensures that the repeal of the sunset provision will take effect in a timely manner, allowing long-term homeowners to benefit from the property tax exemption without the concern of it being phased out in the future.