00SENATE BILL NO. 151                                                                                                   
01 "An Act relating to exemptions for municipal property taxes for certain primary                                         
02 residences; relating to property tax equivalency payments for certain residents; and                                    
03 providing for an effective date."                                                                                       
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05    * Section 1.  AS 29.45.030(h) is amended to read:                                                                  
06  (h)  Nothing in (j)  [EXCEPT AS PROVIDED IN (g) OF THIS SECTION,                                                    
07 NOTHING IN (e) - (j)] of this section affects similar exemptions from property taxes                                    
08 granted by a municipality on September 10, 1972 [, OR PREVENTS A                                                        
09 MUNICIPALITY FROM GRANTING SIMILAR EXEMPTIONS BY ORDINANCE                                                              
10 AS PROVIDED IN AS 29.45.050].                                                                                           
11    * Sec. 2.  AS 29.45.030(k) is amended to read:                                                                     
12  (k)  The department shall adopt regulations to implement the provisions of [(g)                                       
13 AND] (j) of this section.                                                                                               
14    * Sec. 3.  AS 29.45.050(i) is amended to read:                                                                     

01  (i)  A municipality may by ordinance approved by the voters  wholly or                                               
02 partially  exempt from taxation the assessed value [THAT EXCEEDS $150,000] of                                          
03 real property owned and occupied as a permanent place of abode by a resident who                                        
04 is                                                                                                                      
05   (1)  65 years of age or older;                                                                                       
06   (2)  a disabled veteran, including a person who was disabled in the line                                             
07 of duty while serving in the Alaska Territorial Guard; or                                                               
08   (3)  at least 60 years old and a widow or widower of a person who                                                    
09 qualified for an exemption under (1) or (2) of this subsection.                                                         
10    * Sec. 4.  AS 29.45.030(a)(6), 29.45.030(e), 29.45.030(f), 29.45.030(g), 29.45.030(i), and                         
11 29.45.040 are repealed.                                                                                                 
12    * Sec. 5.  This Act takes effect January 1, 2000.