HCS CSSB 63(CRA): "An Act relating to municipal property taxation in annexed, detached, and newly incorporated areas."
00 HOUSE CS FOR CS FOR SENATE BILL NO. 63(CRA) 01 "An Act relating to municipal property taxation in annexed, detached, and newly 02 incorporated areas." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 29.05.140 is amended by adding a new subsection to read: 05 (f) Unless the incorporation takes effect on January 1, the newly incorporated 06 municipality may not levy property taxes before January 1 of the year immediately 07 following the year in which the incorporation takes effect. 08 * Sec. 2. AS 29.06 is amended by adding a new section to read: 09 Sec. 29.06.055. Property taxes in annexed or detached areas. (a) Unless 10 the annexation takes effect on January 1, the annexing municipality may not levy 11 property taxes in an annexed area before January 1 of the year immediately following 12 the year in which the annexation takes effect. However, notwithstanding other 13 provisions of law, the municipality may provide services in the annexed area that are 14 funded wholly or partially with property taxes during the period before the
01 municipality may levy property taxes in the annexed area. 02 (b) If an area is detached from a municipality, all property taxes that are levied 03 by that municipality on property in the detached area based on an assessment that 04 occurred before the effective date of the detachment remain valid. AS 29.45.290 - 05 29.45.500 apply to the enforcement of those taxes.