CSHB 121(FIN): "An Act relating to and authorizing certain municipalities to provide a property tax credit for an improvement that aids in improving air quality."
00 CS FOR HOUSE BILL NO. 121(FIN) 01 "An Act relating to and authorizing certain municipalities to provide a property tax 02 credit for an improvement that aids in 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 that 06 includes within its boundaries an area that fails to meet federal or state air quality 07 standards for fine particles that are less than or equal to 2.5 micrometers in diameter 08 may, by ordinance, provide for an air quality improvement tax credit to offset a 09 portion of the property taxes due on property that, during the immediately preceding 10 tax year, has been improved in a way that aids in improving the air quality in the 11 municipality. The municipality shall establish eligibility, conditions, and other criteria 12 for the credit in the ordinance adopted under this section. 13 * Sec. 2. AS 29.45.048 is repealed on January 1, 2016.