This bill establishes ad valorem tax exemptions for certain categories of bona fide Wyoming residents, specifically targeting honorably discharged veterans, active or reserve members of the Wyoming National Guard and the United States armed forces, as well as surviving spouses and parents of specified veterans and military members. The bill amends the residency requirement, reducing the duration from three years to one year for individuals claiming the exemption. It also introduces new definitions, including "good standing" for military members and clarifies the definition of "honorably discharged veteran."

The exemptions will apply to individuals who have served in the armed forces for a minimum of eighteen consecutive months and are in good standing. The bill specifies that these exemptions will first take effect for the tax year beginning January 1, 2026, and it will become effective immediately upon the completion of all necessary legislative processes.

Statutes affected:
Introduced: 39-13-105