Revenue Committee reviews changes to long-term homeowner tax exemption in Senate File 67

CHEYENNE — The Revenue Committee of the 68th Legislature heard testimony on Senate File 67 on reforms to the long-term homeowner property tax exemption, including a change reducing the required months of occupancy from eight to six and removing the statute's sunset provision.

Department of Revenue Director Brenda Henson told the committee the amendment would implement two substantive changes: shorten the occupancy requirement to six months and repeal the statute's sunset so the exemption would continue beyond the original expiration date. "As of today, we're looking at approximately 18,000 applications statewide," Henson said, and she noted the amendment would take effect Jan. 1, 2026.

The nut graph: committee members, county assessors and Department of Revenue staff concentrated on how the new exemption would be calculated alongside existing residential caps and how the law should treat properties owned by corporations, partnerships or trusts. Those technical and administrative issues will determine how many taxpayers qualify and how local offices must process claims.

Henson…