This bill establishes a framework for cities and towns in Wyoming to address abandoned and nuisance buildings through a tax credit incentive. It allows local governing bodies to designate properties as abandoned or nuisances if they have been vacant for at least six months or are significantly deteriorated. The number of buildings that can be designated concurrently is limited based on the population of the city or town, with specific caps set for municipalities of different sizes. Additionally, the bill outlines the criteria for determining whether a property is abandoned or a nuisance, emphasizing the need to consider the impact on neighboring properties and community safety.

Furthermore, the bill introduces provisions for tax credits for property owners who invest in the demolition or rehabilitation of designated buildings. Owners can receive a tax credit of up to 50% of their expenditures for demolition or for bringing the building into compliance with applicable codes, provided they submit proof of these expenditures to the local governing body. The bill also allows cities and towns to assess fees for the costs associated with abating nuisances or repairing dangerous buildings. The act is set to take effect on July 1, 2025.

Statutes affected:
Draft 25LSO-0011: 15-1-103, 39-13-109