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28th Legislature(2013-2014)

Bill Text 28th Legislature


00 Enrolled HB 40                                                                                                          
01 Establishing a municipal tax exemption for certain farm structures.                                                     
02                           _______________                                                                               
03    * Section 1. AS 29.45.050 is amended by adding new subsections to read:                                            
04            (t)  A municipality may by ordinance approved by the voters partially or totally                             
05       exempt from taxation a farm structure used exclusively for farming activity, or                                   
06       purposes directly related to farming activity, if the farm structure is owned or leased                           
07       by a person that is actively engaged in farming and that derives at least 10 percent of                           
08       the person's yearly gross income from farming activity, and the structure is used for                             
09                 (1)  the growing, storage, or processing of grains, fruits, vegetables, or                              
10       other crops intended for human consumption and produced by the owner's or lessee's                                
11       farming activity;                                                                                                 
12                 (2)  the storage or processing of                                                                       
13                      (A)  feed for livestock, poultry, or other animals used in the                                     
14            owner's or lessee's farming activity;                                                                        
15                      (B)  milk or milk products produced by the owner's or lessee's                                     
01            farming activity; or                                                                                         
02                 (3)  stabling or milking the owner's or lessee's dairy animals.                                         
03            (u)  In this section, "farming activity" means raising and harvesting crops;                                 
04       feeding, breeding, and managing livestock; dairying; or any combination of those                                  
05       activities.                                                                                                       
06    * Sec. 2. AS 29.45.050(t) and 29.45.050(u) are repealed 10 years after the effective date of                       
07 this Act.                                                                                                               
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