HB 121: "An Act relating to a municipal property tax credit for an improvement that aids in improving air quality."
00 HOUSE BILL NO. 121 01 "An Act relating to a municipal property tax credit for an improvement that aids in 02 improving air quality." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 29.45 is amended by adding a new section to read: 05 Sec. 29.45.048. Air quality improvement tax credit. A municipality may, by 06 ordinance, provide for an air quality improvement tax credit to offset a portion of the 07 property taxes due on property that, during the immediately preceding tax year, has 08 been improved in a way that aids in improving the air quality in the municipality. The 09 amount of the credit shall be based on a percentage of the verifiable costs of the 10 improvement, and the credit may be granted for more than one year. The ordinance 11 may limit the availability of a credit to some, but not all, types of improvements for 12 which a credit may be granted under this section and to property located in areas that 13 do not meet air quality standards required by federal or state law or regulation. 14 Eligibility, conditions, and other criteria for the credit shall be established in the
01 ordinance adopted under this section.