1993-03-31                     House Journal                      Page 0889
HB 66                                                                        
Amendment No. 7 was offered  by Representatives Brown and Navarre:              
                                                                               
Page 2, after line 17:                                                         
                                                                               
	Insert a new bill section to read:                                            
   "* Sec. 4.  AS 29.45 is amended by adding a new section to read:          
	Sec. 29.45.042.  MANDATORY DEFERRAL FOR CERTAIN                              
RESIDENCES.  (a)  Payment of taxes on the first $150,000 of the                
assessed value of real property is deferred if the property is owned           
and occupied as the primary residence and permanent place of                   
abode by a resident of the state who is eligible under (b) of this             
section and is (1) 65 years of age or older; (2) a disabled veteran;           
or (3) at least 60 years old and the widow or widower of an                    
individual who qualified for an exemption under former                         
AS29.45.030(e) or for a deferral under (1) or (2) of this                      
subsection.  The taxes become due when the property ceases to be               
owned by the resident who qualified for the deferral or the spouse             
if the spouse also qualified for a deferral.  Only one deferral may            
be granted for the same property and, if two or more persons are               
eligible for a deferral for the same property, the parties shall               
decide between or among themselves who is to receive the benefit               
of the deferral.  Payment of taxes may not be deferred under this              
section if the assessor determines, after notice and hearing to the            
parties, that the property was conveyed to the applicant primarily             
for the purpose of obtaining the deferral.  The determination of the           
assessor may be appealed under AS44.62.560 - 44.62.570.                        
	(b)  To qualify for a deferral for a year, the adjusted gross                
income of an individual for the prior year may not exceed $24,000              
if the individual filed a single return, or $36,000 if the individual          
files jointly with another.  The determination of adjusted gross               
income is based upon the federal income tax return filed by the                
individual.                                                                    
	(c)  In this section,                                                        
		(1)  "disabled veteran" means a disabled person separated                   
from the military service of the United States under a condition               
that is not dishonorable, whose disability was incurred or                     
aggravated in the line of duty in the military service of the United           
States, and whose disability has been rated as 50 percent or more              
by the branch of service in which that person served or by the                 
Department of Veterans' Affairs;                                               
		(2)  "real property" includes mobile homes, whether