SB 151: "An Act relating to exemptions for municipal property taxes for certain primary residences; relating to property tax equivalency payments for certain residents; and providing for an effective date."
00SENATE BILL NO. 151 01 "An Act relating to exemptions for municipal property taxes for certain primary 02 residences; relating to property tax equivalency payments for certain residents; and 03 providing for an 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 in (j) [EXCEPT AS PROVIDED IN (g) OF THIS SECTION, 07 NOTHING IN (e) - (j)] of this section affects similar exemptions from property taxes 08 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 wholly or 02 partially exempt from taxation the assessed value [THAT EXCEEDS $150,000] of 03 real property owned and occupied as a permanent place of abode by a resident who 04 is 05 (1) 65 years of age or older; 06 (2) a disabled veteran, including a person who was disabled in the line 07 of duty while serving in the Alaska Territorial Guard; or 08 (3) at least 60 years old and a widow or widower of a person who 09 qualified for an exemption under (1) or (2) of this subsection. 10 * 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 AS 29.45.030(a)(6), 29.45.030(e), 29.45.030(f), 29.45.030(g), 29.45.030(i), and 11 29.45.040 are repealed. 12 * Sec. 5. This Act takes effect January 1, 2000.