This bill establishes a limitation on the homeowner tax exemption in Wyoming. It amends W.S. 39-11-105(a)(xlvi) by adding a new subparagraph (D), which states that once the secretary of state certifies that voters have approved an initiative for a homeowner's property tax exemption, individuals who qualify for the existing exemption will not be eligible for the new exemption under the initiative. This provision ensures that homeowners cannot benefit from both exemptions simultaneously.

The act will first apply to the tax year beginning January 1, 2027, and it will take effect immediately upon the completion of all necessary legislative processes. The bill reflects a response to the potential interaction between the current 25% homeowner's exemption and the proposed property tax exemption initiative, clarifying the eligibility criteria for homeowners in light of the upcoming initiative.

Statutes affected:
27LSO-0108 v0.4: 39-11-105