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Senate advances major homeowner tax‑relief bill with reduced cap, larger exemption and no backfill
Summary
Senate File 69 passed the committee of the whole with amendments that lowered the value cap to $1 million, increased the exemption to 50% and deleted a proposed state backfill; senators debated sizable fiscal impacts and consequences for local services and school funding.
The Wyoming Senate’s committee of the whole reported Senate File 69 do pass amended after adopting several amendments that substantially changed the bill’s terms. Key changes included lowering the applicable property value cap, increasing the exemption percentage, and deleting a proposed appropriation (backfill) that had been in earlier drafts.
Senator McEwen, working through committee amendments, led floor consideration that produced multiple committee‑of‑the‑whole amendments. Committee of the Whole Amendment Number 3 reduced the value threshold that the exemption applies to from $2,000,000 to $1,000,000 and was adopted.…
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