New Restrictions Possible on Subdividing Land

By AP

Jackson, WY – A lawmaker from Jackson says a bill that
would tighten the rules for subdividing land and passing the lots along to relatives is likely to pass the Legislature.
The bill has received the endorsement of the House Corporations,
Elections and Political Subdivisions Committee. State Representative Keith Gingery says committee-sponsored bills tend to be more successful than other bills.
In 2002, the Legislature passed a law exempting subdivisions from most regulation if the land is being broken up to pass along to relatives. The idea was to make it easier for ranchers to pass
land along to their children.
But opponents of the law say that land speculators are splitting up properties and giving the land to relatives with the intent of selling.
The proposed change would require people to own land for at least five years before being able to subdivide it for relatives.