WyomingHomeowners could not get both tax breaks if initiative becomes law
If voters approve a homeowner tax initiative and it becomes law, qualifying homeowners who apply for Wyoming's exemption could not also get the initiative's exemption after state certification.
What it does
Starting no earlier than the 2027 tax year, homeowners who qualify and apply for Wyoming's exemption could not also get the initiative's exemption if voters approve it, it becomes law, and the state certifies it.
Argument forIf the initiative becomes law, the rule could keep one homeowner from combining two tax breaks, preserving some property tax revenue.
Argument againstIf the initiative becomes law, homeowners eligible for both breaks could get less tax relief because applying for Wyoming's exemption would block the other.
More detail
Wyoming would bar an owner who qualifies and applies for its homeowner exemption from also qualifying for the initiative's exemption. It covers owners who qualify and apply for the exemption on part of a single family home and its improved land. Voters must approve the initiative, it must become law, and the secretary of state must certify those facts to the revenue department. The limit would apply on or after certification and first cover the tax year beginning January 1, 2027. The act would take effect upon becoming law.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
No actions on record yet. Even bills need a warm-up.
Taxes & Budget