CSHB 66(CRA): "An Act relating to municipal property tax exemptions for certain residences and to property tax equivalency payments for certain residents; and providing for an effective date."
00CS FOR HOUSE BILL NO. 66(CRA) 01 "An Act relating to municipal property tax exemptions for certain residences and 02 to property tax equivalency payments for certain residents; and providing for an 03 effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 29.45.030(k) is amended to read: 06 (k) The department shall adopt regulations to implement the provisions of [(g) 07 AND] (j) of this section. 08 * Sec. 2. AS 29.45 is amended by adding a new section to read: 09 Sec. 29.45.052. OPTIONAL EXEMPTION FOR CERTAIN PRIMARY 10 RESIDENCES. (a) The real property owned and occupied as the primary residence 11 and permanent place of abode by a resident of the state who is (1) 65 years of age or 12 older; (2) a disabled veteran; or (3) at least 60 years old and who is the widow or 13 widower of a person who qualified for an exemption under (1) or (2) of this 14 subsection, may by ordinance be exempted from taxation on all or part of the assessed
01 value of the real property. The ordinance may base the exemption on hardship. Only 02 one exemption may be granted for the same property and, if two or more persons are 03 eligible for an exemption for the same property, the exemption may not be granted 04 unless the parties decide between or among themselves who is to receive the benefit 05 of the exemption. Real property may not be exempted under this subsection if the 06 local assessor determines, after notice and hearing to the parties, that the property was 07 conveyed to the applicant primarily for the purpose of obtaining the exemption. The 08 determination of the assessor may be appealed to the superior court under procedures 09 set out in AS 44.62.560 - 44.62.570. 10 (b) In this section, 11 (1) "disabled veteran" means a disabled person separated from the 12 military service of the United States under a condition that is not dishonorable, whose 13 disability was incurred or aggravated in the line of duty in the military service of the 14 United States, and whose disability has been rated as 50 percent or more by the branch 15 of service in which that person served or by the Department of Veterans' Affairs; 16 (2) "real property" includes mobile homes, whether classified as real 17 or personal property for municipal tax purposes. 18 * Sec. 3. AS 29.45.030(a)(6), 29.45.030(e), 29.45.030(f), 29.45.030(g), 29.45.030(h), 19 29.45.030(i), 29.45.040, and 29.45.050(i) are repealed. 20 * Sec. 4. This Act is retroactive to January 1, 1993. 21 * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).