The Wyoming Senate is deliberating on a property tax cut bill, initially proposed by Rep. Charles Scott, that aimed to exempt 50% of the first $1 million of assessed value on single-family homes for two years.
After the bill was sent to the House, it underwent significant changes, including 35 amendments—10 of which were approved.
This created confusion among Senate members, prompting a decision to reject the House’s version and send the bill to a Joint Conference Committee for further negotiation.
Key amendments in the House included a shift from the original exemption to only covering the increase in home values from 2019 to 2024, which faced resistance from some lawmakers.
Further amendments provided a $225 million backfill from state funds to reimburse local governments for lost revenue, but this sparked debate on the sustainability of such measures.
While the bill has passed the House in its amended form, it now faces the task of reconciling differences through the Joint Conference Committee, with representatives from both chambers set to negotiate the final version.
A decision is expected soon, as lawmakers aim to pass the bill by the end of the month to potentially override any gubernatorial veto.