This bill establishes a property tax exemption for property owned by the state of Wyoming that is leased for agricultural purposes. Specifically, it amends W.S. 39-11-105(a) by adding a new paragraph (xlvi) that outlines this exemption. The exemption will be applicable starting from the tax year beginning January 1, 2025, and is set to expire on December 31, 2026, as indicated by the inclusion of a sunset provision.

The bill is designed to provide financial relief for state-owned agricultural properties by exempting them from property taxation during the specified period. It is effective immediately upon the completion of all necessary legislative processes to become law, as stipulated by the Wyoming Constitution.

Statutes affected:
Introduced: 39-11-105
Engrossed: 39-11-105