The bill establishes the Wyoming Property Tax Relief Authority, which will be responsible for administering a property tax loan program aimed at assisting homeowners in Wyoming who are struggling to pay increased property taxes. The authority will be governed by a board of five members appointed by the governor, and it will have the power to issue bonds to fund the loan program. The bill outlines the authority's duties, including managing the loan program, employing staff, and contracting for necessary services. It also specifies that any applications or records related to the loan program will be confidential and not subject to public disclosure.

Additionally, the bill amends existing law to require that assessment schedules sent to taxpayers include information about any property tax relief programs authorized by state law. An appropriation of $100,000 from the general fund is allocated for the administrative expenses of the authority, which will be effective until June 30, 2028. The authority is set to begin operations on July 1, 2026, and the governor is tasked with making initial appointments to the board prior to this date.

Statutes affected:
Introduced: 39-13-103