SSF0110S3001 TATEPage OF1-line W14 YOMINGDelete 26LSO-0431"a SENATEnew FILEparagraph NO.(xix)" and insert "new paragraphs (xix) and (xx)".

SF01104 ResidentialPage property1-line tax14 revisions.Before "39-13-103(b)(iii)" insert "39-11- 105(a)(xlvi)(B),".

Sponsored7 by:Page 3-after line 15 Insert:

Senator(s)9 Hicks,"39-11-105. Barlow, Boner, Crago, Crum, Dockstader, Gierau, Kolb, Landen and Steinmetz and Representative(s) Heiner, Lien, Locke and Neiman A BILL for AN ACT relating to taxation and revenue;

providingExemptions. for administration of the property tax;

specifying(a) propertyThe taxfollowing assessmentproperty ratesis forexempt residentialfrom realproperty property;taxation:

limiting(xlvi) theA applicabilityportion of specifieda millssingle tofamily residential realstructure propertyand usedthe associated improved land as a primaryhomeowner residencetax byexemption theas ownerprovided ofin thethis property;paragraph.

repealingThe afollowing relatedshall propertyapply taxto exemption;this exemption:

making(B) conformingAs amendments;used in this paragraph, "single family residential structure" means a structure intended for human habitation including a house, modular home, mobile home, townhouse or condominium that is a privately owned single family dwelling unit.

specifyingBeginning applicability;with tax year 2026 and each tax year thereafter, "single family residential structure" shall mean a single family residential structure as defined in this subparagraph where the person claiming the exemption actually resides for not less than eight (8) months of the year.

Beginning with tax year 2027, if a primary residence is sold and providinganother forproperty anis effectivepurchased date.within the state of Wyoming, the months residing in both owner-occupied residences shall apply to the requirements of this exemption.

BeBeginning Itwith Enactedtax byyear 2026 and each tax year thereafter, if the Legislatureperson claiming the exemption or a member of that person's immediate family is an active duty member of the Statearmed forces and service in the armed forces is the reason that the person claiming the exemption cannot meet the eight (8) month requirement specified in this subparagraph, the person shall qualify for the exemption if the single family residential structure is the legal domicile of Wyoming:the applicable member of the armed forces.

SectionFor 1.tax year 2026, the person claiming the exemption shall submit a claim to the county assessor not later than the second Monday in May in a manner provided by the department of revenue.

W.S.For tax year 2027 and each tax year thereafter, the person claiming the exemption shall submit a claim to the county assessor not later than March 1 in a manner provided by the department of revenue;".

39-11-101(a)(xvii)HICKS by1 creating a new subparagraph (C), by renumbering (C) as (D) and by creating a new paragraph (xix), 39-13-103(b)(iii) by creating a new SF0110 STATE OF WYOMING 26LSO-0431 subparagraph (C) and by renumbering (C) as (D) and 39-13-104(d)(i) are amended to read:

4 39-11-101.

Definitions.

6 (a) As used in this act unless otherwise specifically provided:

9 (xvii) "Taxable value" means a percent of the fair market value of property in a particular class as follows:

(C) Residential real property as follows:

(I) An owner occupied primary residence, eight and three-tenths percent (8.3%);

(II) All other residential real property, nine and one-half percent (9.5%).

(C)(D) All other property, real and personal, including property valued and assessed under W.S.

SF0110 STATE OF WYOMING 26LSO-0431 39-13-102(m)(vi) and (ix), nine and one-half percent (9.5%).

4 (xix) Owner occupied primary residence" means residential real property where the owner of the property resides for not less than six (6) months of the applicable tax year;

9 (xx) "Residential real property" means real property improved by a dwelling designed to house not more than three (3) families and includes associated residential land where the dwelling is located if the land is owned by the owner of the dwelling.

The dwelling may be any type of dwelling including a single family home or an individual condominium unit if the dwelling is used as a residence.

39-13-103.

Imposition.

(b) Basis of tax.

The following shall apply:

(iii) Beginning January 1, 1989, "taxable value" means a percent of the fair market value of property in a particular class as follows:

SF0110 STATE OF WYOMING 26LSO-0431 2 (C) Residential real property as follows:

4 (I) An owner occupied primary residence, eight and three-tenths percent (8.3%);

7 (II) All other residential real property, nine and one-half percent (9.5%).

(C)(D) All other property, real and personal, nine and one-half percent (9.5%).

39-13-104.

Taxation rate.

(d) There shall be annually levied and assessed upon the taxable value of property within the limits of Wyoming school districts the following school taxes when applicable:

(i) Not to exceed the number of mills provided by W.S.