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Revenue committee advances homeowner exemption change, defers long-term exemption language for further work
Summary
The committee approved a draft (26LSO98) that removes an eight-month owner-occupancy requirement for the homeowner property tax exemption and deferred further work on the long-term homeowner measure (26LSO99) to resolve application timing, associated land definition and fiscal impacts.
The Revenue Committee approved a draft bill that would remove an eight-month owner-occupancy requirement from Wyoming's homeowner property tax exemption and asked staff to continue work on a related long-term homeowner exemption bill. Legislative Service Office analyst Josh Anderson summarized 26LSO98 as a narrow change: "The bill on page 2, essentially deletes the, 8 month residency requirement from that exemption." Anderson said the change would be effective immediately under the draft. County and state tax officials offered implementation notes. Ken Gill, property tax division administrator at the Department of Revenue, told the committee the department has already built an online portal to let property owners notify the department and county assessor that they occupy a home. He…
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