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Source: Wyoming News —
CHEYENNE – Though it may not appeal to all parts of Wyoming, legislators pushed forward a bill this week that would allow for a local option 1% tax on real estate sales over $1 million.
The Joint Revenue Committee voted 8-4 Wednesday to sponsor the county optional real estate tax bill after hearing public comment both for and against the measure. In Teton County, supporters say such a tax could generate funding necessary to create badly needed affordable housing.
“We are losing our employees, and the number one issue is the lack of employee housing here. It is getting worse by the day,” said Anna Olsen with the Jackson Hole Chamber of Commerce.
