CSHB 6(CRA): "An Act relating to optional exemptions from municipal property taxes on residential property."
00 CS FOR HOUSE BILL NO. 6(CRA) 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 $40,000 [$10,000] for any one residence. 11 * Sec. 2. AS 29.45.050 is amended by adding a new subsection to read: 12 (q) A municipality may by ordinance approved by the voters exempt from 13 taxation an amount not to exceed $20,000 of the assessed value of real property owned 14 and occupied as a permanent place of abode by a resident who provides in the
01 municipality volunteer 02 (1) fire fighting services; or 03 (2) emergency medical services.