Veterans property tax exemption.

05LSO-0452.L1

                                                         

FISCAL NOTE

 

The fiscal impact, in the form of increased expenditures from the General Fund, is indeterminable.

 

This bill expands the veteran's exemption to include honorably discharged veterans who are Wyoming residents for at least three years, who have received a United States service medal in any armed conflict in a foreign country.

 

The expansion of the veteran's exemption will increase expenditures over time, but this increase is anticipated to be minimal during the next three years statewide.  While veterans’ qualification for the exemption will be established over the next three years numbering a few thousand (not specifically quantifiable), the majority will not discharge.

 

The current average property tax exemption per qualifying veteran is $105.16, based on a 5 year historical average.

 

 

 

Prepared by:   Dean Temte, LSO        Phone:   777-7881

(Information from Doug Shope, Military Dept.; phone (307) 421-3112:

Wade Hall, Dept. of Revenue; Phone 777-5235)