Wyoming HB0066 provides tax credits for improving abandoned and nuisance properties and allows cities and towns to assess fees for abatement costs.
Wyoming HB0066 offers a tax credit for property owners who improve abandoned or nuisance properties within specified timeframes. Cities and towns can designate such properties and assess fees for abatement costs. The tax credit is limited to the amount expended for compliance with codes, up to 50% of demolition and removal costs, and is applicable for up to ten years. The bill also limits the number of designated properties a city or town can have at one time based on its population size.
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