00                             HOUSE BILL NO. 241                                                                          
01 "An Act relating to optional exemptions from municipal property taxes on residential                                    
02 property."                                                                                                              
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 29.45.050(a) is amended to read:                                                                  
05            (a)  A municipality may exclude or exempt or partially exempt residential                                    
06       property from taxation by ordinance ratified by the voters at an election.  An                                
07       exclusion or exemption authorized by this subsection may not be applied with                                  
08       respect to taxes levied in a service area to fund the special services.  An exclusion                         
09       or exemption authorized by this subsection [SECTION] may not exceed the assessed                              
10       value of $50,000 [$10,000] for any one residence.                                                             
11    * Sec. 2.  AS 29.45.050(r) is amended to read:                                                                     
12            (r)  A municipality may by ordinance exempt from taxation an amount not to                                   
13       exceed  $20,000 [$10,000] of the assessed value of real property owned and occupied                           
14       as a permanent place of abode by a resident who provides in the municipality                                      
01       volunteer (1) fire fighting services and is certified as a fire fighter by the Department                         
02       of Public Safety, or (2) emergency medical services and is certified under                                        
03       AS 18.08.082. If two or more individuals are eligible for an exemption for the same                               
04       property, not more than two exemptions may be granted.