Wyoming House Delays Vote On 50 Percent Property Tax Cut Bill

The Wyoming House of Representatives has laid back a third and decisive reading on a bill to cut residential property taxes in half until Tuesday, February 18.

House, Senate Appear To Disagree On Backfill For Local Governments

Senate File 69 would cut residential property taxes in half for two years. The Senate has already signed off on one version of the bill that would not reimburse local governments for the lost tax revenues. But the House made several changes in it's version of the same bill, including lowering the cap on properties covered under the bill from $1 million to $500,000 and voting to allocate $100 million to backfill to reimburse local governments for lost revenues.

The version of the bill passed by the Senate includes no backfill for lost revenues to local government.

If the House keeps those changes intact on third and final reading of the measure, that would likely mean a House/Senate Conference Committee would try to hammer out a compromise measure that would then go back to both houses of the legislature. If they concur with the compromise it would then go on to Governor Mark Gordon, who could decide the either sign or veto the measure or allow it to become law without his signature.