1993-03-31                     House Journal                      Page 0898
HB 66                                                                        
                                                                               
Nays:  Barnes, Bunde, G.Davis, Foster, Green, Hanley, Hudson, James,           
Kott, Larson, MacLean, Martin, Moses, Mulder, Olberg, Parnell,                 
Phillips, Porter, Therriault, Toohey, Vezey                                    
                                                                               
Excused:  Navarre                                                              
                                                                               
Absent:  Hoffman, Menard                                                       
                                                                               
And so, Amendment No. 15 was not adopted.                                      
                                                                               
Amendment No. 16 was offered  by Representative Brown:                          
                                                                               
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 a disabled veteran.  The taxes become due when the              
property ceases to be owned by the resident who qualified for the              
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