HB 241: "An Act relating to optional exemptions from municipal property taxes on residential property."
00 HOUSE BILL NO. 241 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 $50,000 [$10,000] for any one residence. 11 * Sec. 2. AS 29.45.050(r) is amended to read: 12 (r) A municipality may by ordinance exempt from taxation an amount not to 13 exceed $20,000 [$10,000] of the assessed value of real property owned and occupied 14 as a permanent place of abode by a resident who provides in the municipality
01 volunteer (1) fire fighting services and is certified as a fire fighter by the Department 02 of Public Safety, or (2) emergency medical services and is certified under 03 AS 18.08.082. If two or more individuals are eligible for an exemption for the same 04 property, not more than two exemptions may be granted.