HB 287: "An Act relating to municipal property tax limitations; and providing for an effective date."
00HOUSE BILL NO. 287 01 "An Act relating to municipal property tax limitations; and providing for an 02 effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 29.10.200(41) is amended to read: 05 (41) AS 29.45.010 - 29.45.570, except AS 29.45.090(e) (property taxes) 06 * Sec. 2. AS 29.45.090 is amended by adding a new subsection to read: 07 (e) In addition to the limitations under AS 29.45.080 and (a)-(d) of this 08 section, a general law municipality may by ordinance, adopted by the governing body 09 or through the initiative process, impose limitations on the amount of property taxes 10 that may be levied by the municipality. Notwithstanding AS 29.26.190(a), a tax limit 11 ordinance adopted by an initiative may only be repealed by a referendum. A 12 referendum repealing a tax limit ordinance may be adopted at any time. 13 * Sec. 3. AS 29.45.800 is amended to read: 14 Sec. 29.45.800. APPLICABILITY OF PROPERTY TAX PROVISIONS
01 [AS 29.45.010 - 29.45.560]. AS 29.45.010 - 29.45.560, except AS 29.45.090(e), apply 02 to home rule and general law municipalities. AS 29.45.090(e) applies to general law 03 municipalities. 04 * Sec. 4. This Act takes effect January 1, 1994.