Abandoned buildings revitalization.

HB 149 creates a property tax credit for individuals who purchase and improve abandoned buildings in Wyoming cities or towns. It allows owners to claim a tax credit equal to their documented costs for rehabilitating designated abandoned properties, such as removing or repairing deteriorating structures. To qualify, owners must get city/town approval for expenses directly tied to the building and submit them to the state revenue department within five years of purchase. The credit is limited to actual improvement costs, cannot exceed the property's tax liability, and must be used within 10 years of eligibility. This policy directly affects property owners and local governments seeking to revitalize vacant, deteriorating buildings.