This bill aims to repeal the sunset date of the property tax exemption for long-term homeowners in Wyoming, thereby allowing the exemption to continue indefinitely. Specifically, it repeals Section 2 of the 2024 Wyoming Session Laws, Chapter 106, which previously established a termination date for this exemption.

The effective date for this act is set for July 1, 2026, ensuring that long-term homeowners will retain their property tax exemption beyond the previously established deadline.