The bill amends the property tax refund program in Wyoming, expanding eligibility to include not just property owners but also renters. It allows any person who meets specific qualifications to apply for a property tax refund for their principal residence, provided they have been a resident of Wyoming for at least five years and occupy the property for a minimum of nine months during the tax year. The bill introduces new requirements for applicants, including the need to demonstrate that they are not delinquent on rent or related obligations if they do not own the property. Additionally, the bill stipulates that tax refunds will be subject to legislative appropriation and outlines the process for determining gross income and household assets.

Key changes include the replacement of the term "owner" with "person" throughout the text, which broadens the scope of who can apply for refunds. The bill also establishes that renters can qualify for refunds, recognizing that they indirectly pay property taxes through their rent. Furthermore, it mandates that the Department of Revenue create rules to implement these changes, including stipulations on the maximum refund amounts and the verification of income. The act is set to take effect on January 1, 2027.

Statutes affected:
Introduced: 39-13-109