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 established in the 2024 Wyoming Session Laws, Chapter 106, Section 2, the exemption will continue indefinitely, providing ongoing financial relief to eligible homeowners.

Additionally, the bill establishes an effective date of July 1, 2026, for the repeal to take effect. This change aims to ensure that long-term homeowners can benefit from the property tax exemption without the concern of it being phased out in the future.