SB 63: "An Act relating to municipal property taxation in annexed and detached areas; and providing for an effective date."
00 SENATE BILL NO. 63 01 "An Act relating to municipal property taxation in annexed and detached areas; and 02 providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 29.06 is amended by adding a new section to read: 05 Sec. 29.06.055. Property taxes in annexed or detached areas. (a) Unless 06 the annexation takes effect on January 1, the municipality may not assess, levy, or 07 collect property taxes in an annexed area before January 1 of the year immediately 08 following the year in which the annexation takes effect. 09 (b) If an area is detached from a municipality, all property taxes that are levied 10 by that municipality on property in the detached area based on an assessment that 11 occurred before the effective date of the detachment remain valid. AS 29.45.290 - 12 29.45.500 apply to the enforcement of those taxes. 13 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).