The bill amends the existing law regarding the homeowner tax exemption in Wyoming, specifically clarifying the application procedures for claiming this exemption. It defines "single family residential structure" to include various types of homes and stipulates that, starting in tax year 2026, the individual claiming the exemption must reside in the home for at least eight months of the year. However, if the claimant or an immediate family member is an active duty member of the armed forces and cannot meet this residency requirement due to military service, they may still qualify for the exemption if the home is their legal domicile.

Additionally, the bill introduces new requirements for the exemption application process. It mandates that the person claiming the exemption must submit a claim to the county assessor by the second Monday in May each year, following the procedures established by the Department of Revenue. This act will apply to claims for the property tax exemption starting January 1, 2026, and will take effect immediately upon the completion of necessary legislative processes.

Statutes affected:
Introduced: 39-11-105