SB 267: "An Act relating to the exemption from taxation of real property used as the primary residence of the widow or widower of a resident 65 years of age or older, and to tax equivalency payments for the widow or widower of a resident 65 years of age or older."
00 SENATE BILL NO. 267 01 "An Act relating to the exemption from taxation of real property used as the primary 02 residence of the widow or widower of a resident 65 years of age or older, and to tax 03 equivalency payments for the widow or widower of a resident 65 years of age or older." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 29.45.030(e) is amended to read: 06 (e) The real property owned and occupied as the primary residence and 07 permanent place of abode by a (1) resident 65 years of age or older; (2) disabled 08 veteran; or (3) resident [AT LEAST 60 YEARS OLD] who is the widow or widower 09 of a person who qualified for an exemption under (1) or (2) of this subsection and has 10 not remarried, is exempt from taxation on the first $150,000 of the assessed value of 11 the real property. A municipality may, in case of hardship, provide for exemption 12 beyond the first $150,000 of assessed value in accordance with regulations of the 13 department. Only one exemption may be granted for the same property and, if two or 14 more persons are eligible for an exemption for the same property, the parties shall
01 decide between or among themselves who is to receive the benefit of the exemption. 02 Real property may not be exempted under this subsection if the assessor determines, 03 after notice and hearing to the parties, that the property was conveyed to the applicant 04 primarily for the purpose of obtaining the exemption. The determination of the 05 assessor may be appealed under AS 44.62.560 - 44.62.570. 06 * Sec. 2. AS 29.45.040(a) is amended to read: 07 (a) A resident of the state who rents a permanent place of abode is eligible for 08 a tax equivalency payment from the state through the department if the resident is [:] 09 (1) [AT LEAST] 65 years of age or older [OLD]; 10 (2) a disabled veteran; or 11 (3) [AT LEAST 60 YEARS OLD AND] the widow or widower of a 12 person who was eligible for payment under (1) or (2) of this subsection and has not 13 remarried. 14 * Sec. 3. AS 29.45.050(i) is amended to read: 15 (i) A municipality may by ordinance approved by the voters exempt from 16 taxation the assessed value that exceeds $150,000 of real property owned and 17 occupied as a permanent place of abode by a resident who is 18 (1) 65 years of age or older; 19 (2) a disabled veteran, including a person who was disabled in the line 20 of duty while serving in the Alaska Territorial Guard; or 21 (3) [AT LEAST 60 YEARS OLD AND] a widow or widower of a 22 person who qualified for an exemption under (1) or (2) of this subsection and has not 23 remarried.