HB 444: "An Act relating to municipal property tax exemptions for certain residences and to property tax equivalency payments for certain residents; and providing for an effective date."
00HOUSE BILL NO. 444 01 "An Act relating to municipal property tax exemptions for certain residences and 02 to property tax equivalency payments for certain residents; and providing for an 03 effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 29.45.030(h) is amended to read: 06 (h) Nothing [EXCEPT AS PROVIDED IN (g) OF THIS SECTION, 07 NOTHING] in (j) [(e) - (j)] of this section affects similar exemptions from property 08 taxes granted by a municipality on September 10, 1972 [, OR PREVENTS A 09 MUNICIPALITY FROM GRANTING SIMILAR EXEMPTIONS BY ORDINANCE 10 AS PROVIDED IN AS 29.45.050]. 11 * Sec. 2. AS 29.45.030(k) is amended to read: 12 (k) The department shall adopt regulations to implement the provisions of [(g) 13 AND] (j) of this section. 14 * Sec. 3. AS 29.45.050(i) is amended to read:
01 (i) A municipality may by ordinance approved by the voters exempt from 02 taxation all or part of the assessed value [THAT EXCEEDS $150,000] of real 03 property owned and occupied as a permanent place of abode by a resident who is 04 (1) 65 years of age or older; 05 (2) a disabled veteran, including a person who was disabled in the line 06 of duty while serving in the Alaska Territorial Guard; or 07 (3) at least 60 years old and a widow or widower of a person who 08 qualified for an exemption under (1) or (2) of this subsection. 09 * Sec. 4. AS 29.45.030(a)(6), 29.45.030(e), 29.45.030(f), 29.45.030(g), 29.45.030(i), and 10 29.45.040 are repealed. 11 * Sec. 5. This Act takes effect January 1, 1997.