Legislature(1993 - 1994)
1993-03-31 House Journal
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Full Journal pdf1993-03-31 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