WyomingSF 692025 General SessionSenateWALLET

AN ACT relating to taxation; establishing a homeowner property tax exemption; specifying applicability; and providing for an effective date.

Sponsored By: null Revenue

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New homeowner tax break with residency limits

Starting with the tax year beginning January 1, 2025, Wyoming exempts 25% of a qualifying home's fair market value. This includes its associated improved land, but only the first $1 million of combined value counts. Qualifying single-family homes include houses, modular homes, mobile homes, townhouses, privately owned condos, and other single-family dwelling units. Beginning in tax year 2026, you must live there at least eight months each year. An exception applies if your or an immediate family member's active military service prevents meeting that requirement. The home must then be that service member's legal home. You cannot claim this break after applying for and receiving the exemption under W.S. 39-11-105(a)(xlv) for the same property and tax year. The exemption lowers the value subject to tax, not your tax bill by that dollar amount; savings depend on tax rates. The law took effect upon enactment, and you remain free to pay property taxes without applying for this exemption.

Sponsors & Cosponsors

Sponsor

  • null Revenue

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 644 • No: 687

Senate vote • 2/27/2025

S Adopted SF0069JC001: 26-3-2-0-0

Yes: 26 • No: 3

House vote • 2/27/2025

H Adopted SF0069JC001: 49-7-6-0-0

Yes: 49 • No: 7

Senate vote • 2/20/2025

S Concur:Failed 6-25-0-0-0

Yes: 6 • No: 25

House vote • 2/19/2025

Amendment failed 19-42-1-0-0

Yes: 19 • No: 42

House vote • 2/19/2025

Amendment failed 22-39-1-0-0

Yes: 22 • No: 39

House vote • 2/19/2025

Amendment failed 27-34-1-0-0

Yes: 27 • No: 34

House vote • 2/19/2025

Amendment failed 14-45-3-0-0

Yes: 14 • No: 45

House vote • 2/19/2025

Amendment failed 10-51-1-0-0

Yes: 10 • No: 51

House vote • 2/19/2025

Amendment failed 7-54-1-0-0

Yes: 7 • No: 54

House vote • 2/19/2025

Amendment adopted 34-26-2-0-0

Yes: 34 • No: 26

House vote • 2/19/2025

Amendment adopted 44-17-1-0-0

Yes: 44 • No: 17

House vote • 2/19/2025

Amendment adopted 39-21-2-0-0

Yes: 39 • No: 21

House vote • 2/19/2025

Amendment failed 18-42-2-0-0

Yes: 18 • No: 42

House vote • 2/19/2025

Amendment failed 6-55-1-0-0

Yes: 6 • No: 55

House vote • 2/19/2025

Amendment adopted 48-3-11-0-0

Yes: 48 • No: 3

House vote • 2/19/2025

Amendment failed 10-51-1-0-0

Yes: 10 • No: 51

House vote • 2/19/2025

H 3rd Reading:Passed 42-19-1-0-0

Yes: 42 • No: 19

House vote • 2/13/2025

Amendment adopted 40-20-2-0-0

Yes: 40 • No: 20

House vote • 2/13/2025

Amendment failed 27-33-2-0-0

Yes: 27 • No: 33

House vote • 2/13/2025

Amendment adopted 56-4-2-0-0

Yes: 56 • No: 4

House vote • 2/6/2025

H02 - Appropriations:Recommend Do Pass 6-1-0-0-0

Yes: 6 • No: 1

Senate vote • 2/4/2025

Amendment failed 11-20-0-0-0

Yes: 11 • No: 20

Senate vote • 2/4/2025

Amendment adopted 19-12-0-0-0

Yes: 19 • No: 12

Senate vote • 2/4/2025

S 3rd Reading:Passed 23-8-0-0-0

Yes: 23 • No: 8

Senate vote • 1/31/2025

Amendment failed 10-20-1-0-0

Yes: 10 • No: 20

Senate vote • 1/31/2025

Amendment adopted 19-12-0-0-0

Yes: 19 • No: 12

Senate vote • 1/31/2025

Amendment failed 9-21-1-0-0

Yes: 9 • No: 21

Senate vote • 1/20/2025

S03 - Revenue:Recommend Amend and Do Pass 3-2-0-0-0

Yes: 3 • No: 2

Actions Timeline

  1. Assigned Chapter Number 106

    3/4/2025
  2. Governor Signed SEA No. 0060

    3/4/2025Governor
  3. H Speaker Signed SEA No. 0060

    2/28/2025House
  4. S President Signed SEA No. 0060

    2/28/2025Senate
  5. Assigned Number SEA No. 0060

    2/27/2025
  6. H Appointed JCC01 Members

    2/20/2025House
  7. S Appointed JCC01 Members

    2/20/2025Senate
  8. S Concur:Failed 6-25-0-0-0

    2/20/2025Senate
  9. S Received for Concurrence

    2/20/2025Senate
  10. H 3rd Reading:Passed 42-19-1-0-0

    2/19/2025House
  11. H 3rd Reading:Laid Back

    2/18/2025House
  12. H 3rd Reading:Laid Back until 2/18/25

    2/13/2025House
  13. H 2nd Reading:Passed

    2/13/2025House
  14. H COW:Passed

    2/12/2025House
  15. H Placed on General File

    2/6/2025House
  16. H02 - Appropriations:Recommend Do Pass 6-1-0-0-0

    2/6/2025House
  17. H Introduced and Referred to H02 - Appropriations

    2/5/2025House
  18. H Received for Introduction

    2/4/2025House
  19. S 3rd Reading:Passed 23-8-0-0-0

    2/4/2025Senate
  20. S 3rd Reading:Laid Back

    2/3/2025Senate
  21. S 2nd Reading:Passed

    1/31/2025Senate
  22. S 2nd Reading:Laid Back

    1/30/2025Senate
  23. S 2nd Reading:Laid Back

    1/29/2025Senate
  24. S COW:Passed

    1/28/2025Senate
  25. S Placed on General File

    1/20/2025Senate

Bill Text

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