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.

Additionally, the bill sets an effective date of July 1, 2026, for the repeal to take effect. This change is intended to provide long-term homeowners with continued financial relief from property taxes, supporting stability in homeownership within the state.