SB 134: "An Act authorizing municipalities to exempt or partially exempt for up to 10 years property in a military facility zone that creates or supports industry, development, or educational or training opportunities."
00 SENATE BILL NO. 134 01 "An Act authorizing municipalities to exempt or partially exempt for up to 10 years 02 property in a military facility zone that creates or supports industry, development, or 03 educational or training opportunities." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 29.45.050 is amended by adding a new subsection to read: 06 (v) A municipality may by ordinance exempt or partially exempt from 07 taxation for up to 10 years property in a military facility zone that creates or supports 08 industry, development, or educational or training opportunities beneficial to a facility. 09 An ordinance adopted under this subsection must include specific eligibility 10 requirements and require a written application for each exemption. In this subsection, 11 "facility" and "military facility zone" have the meanings given in AS 26.30.900.