00                       CS FOR HOUSE BILL NO. 232(ENE)                                                                    
01 "An Act relating to a municipal air quality improvement tax credit; and relating to a                                   
02 municipal energy efficient construction tax credit."                                                                    
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. 29.45.047. 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 real property improvements made during the immediately                                            
08 preceding tax year, including new construction, refurbishments, remodels, and                                           
09 renovations that aid in improving the air quality in the municipality. The municipality                                 
10       shall establish eligibility criteria for the credit in the ordinance adopted under this                           
11       section.                                                                                                          
12    * Sec. 2. AS 29.45 is amended by adding a new section to read:                                                     
13            Sec. 29.45.049. Energy efficient construction tax credit. A municipality                                   
14       may, by ordinance, provide for an energy efficient construction tax credit to offset a                            
01 portion of the property taxes due on real property improvements made during the                                         
02 immediately preceding tax year, including energy efficient new construction,                                            
03 refurbishments, remodels, and renovations. The municipality shall establish eligibility                                 
04       criteria for the credit in the ordinance adopted under this section.