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WY SF0086
Bill
AI Summary
- Creates the Wyoming Property Tax Relief Authority as a state instrumentality beginning July 1, 2026, governed by a 5-member board appointed by the governor for 4-year terms
- Establishes a property tax loan program to provide loans to Wyoming homeowners struggling to pay increased property taxes on their primary residence, with loan amounts limited to the year-over-year tax increase
- Sets loan interest rates at the equivalent U.S. Treasury security yield, with maximum 10-year repayment terms and a lien placed on the property upon loan issuance
- Authorizes the authority to issue revenue bonds to fund the loan program, with bonds payable solely from loan repayment revenues and not constituting state obligations
- Appropriates $100,000 from the general fund for administrative expenses through June 30, 2028, and requires property tax assessment schedules to include information about the loan program
Legislative Description
Wyoming property tax relief authority.
Last Action
Failed Introduction 14-17-0-0-0
2/11/2026
Full Bill Text
No bill text available