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 at least three years to not less than one year at the time of claiming the exemption. Additionally, it introduces new definitions, including "good standing" for military members and clarifies the definition of "honorably discharged veteran."

The bill outlines specific eligibility criteria for the tax exemptions, including a requirement for honorably discharged veterans to have served at least eighteen consecutive months in active duty or in the Wyoming National Guard. The exemptions will first apply to the tax year beginning January 1, 2026, and the act will take effect immediately upon the completion of necessary legislative procedures.

Statutes affected:
Introduced: 39-13-105