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Committee advances two-year tax exemption for state grazing leases to buy time to define 'governmental purpose
Summary
Senate File 81 passed the committee to temporarily exempt state-owned grazing leases from property tax for two years while the legislature studies whether state-owned lands used commercially should be taxed after a recent Wyoming Supreme Court ruling.
The Agriculture, State & Public Lands & Water Resources Committee voted to advance Senate File 81, a measure creating a two-year property-tax exemption for state-owned grazing leases while the legislature develops a longer-term policy in response to a recent Wyoming Supreme Court decision.
Sponsor Senator Barry Crago said the bill responds to the court's October 2024 decision that properties owned by the state are not automatically exempt from property taxation unless used "primarily for a governmental purpose." "This bill creates a two-year tax exemption for grazing lands and allows us time to figure out what we want to do long…
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