This bill amends existing tax exemption laws in Wyoming to extend eligibility for property tax exemptions to surviving parents of veterans, in addition to surviving spouses. Specifically, it allows surviving parents to qualify for the exemption if there is no surviving spouse, and it clarifies that divorced surviving parents living separately may both qualify for the exemption. The bill also modifies the language regarding the ownership of property, ensuring that the exemption can be claimed by the surviving spouse or surviving parents, and it stipulates that the exemption can be claimed in different counties if the surviving parents are divorced and living apart.

Additionally, the bill requires the Department of Revenue to create any necessary rules for implementation and sets an effective date of July 1, 2025, for most provisions, while allowing for immediate effectiveness of certain sections upon the bill's passage. The amendments include changes to the language regarding the qualifications for claiming the exemption, ensuring clarity on the roles of both surviving spouses and parents in the process.

Statutes affected:
Introduced: 39-13-105
Engrossed: 39-13-105