Property tax exemptions-effect of people's initiative.

HB 147 ensures that Wyoming's current homeowner property tax exemption ends if voters approve a people's initiative creating a similar exemption. It adds a provision to repeal the existing exemption (under W.S. 39-11-105) on the date the Secretary of State certifies voter approval of such an initiative. This affects homeowners currently benefiting from the exemption, as the exemption would no longer apply for the 2027 tax year if the initiative passes. The bill becomes effective July 1, 2026, but the exemption repeal only triggers upon certification of voter approval.