HB 146-MUNICIPAL TAX EXEMPTION                                                                             
                                                                                                                                
3:33:18 PM                                                                                                                    
CHAIR BISHOP announced the consideration of HB 146. [Senate CS                                                                  
for CSHB 146, labeled 29-LS0048\H, was before the committee.]                                                                   
                                                                                                                                
3:33:25 PM                                                                                                                    
TERRY  HARVEY, Staff,  Representative Cathy  Munoz, Alaska  State                                                               
Legislature,  Juneau,  Alaska,  summarized  that  HB  146  is  an                                                               
optional  tool  for  municipalities  to  help  develop  land  for                                                               
housing.  He   said  HB   146  addresses   a  housing   issue  by                                                               
incentivizing development  of three  or more lots  on a  piece of                                                               
property.  He   specified  that   HB  146   would  allow   for  a                                                               
municipality, if they  choose, to abate the  increase in property                                                               
tax  above  and  beyond  the   property  tax  base  at  the  time                                                               
development begins,  until the property  went into  commercial or                                                               
residential  use  where the  full  assessment  kicks in  for  the                                                               
municipality. He  summarized that  HB 146  has flexibility  for a                                                               
municipality to choose to abate all  or a portion of the increase                                                               
in property taxes.                                                                                                              
                                                                                                                                
CHAIR BISHOP  confirmed that public  testimony was closed  at the                                                               
last  meeting and  noted that  the bill  had overwhelming  public                                                               
support.                                                                                                                        
                                                                                                                                
3:35:15 PM                                                                                                                    
At ease.                                                                                                                        
                                                                                                                                
3:35:41 PM                                                                                                                    
SENATOR  STEDMAN  moved to  report  the  bill [29-LS0048\H]  from                                                               
committee with individual  recommendations, attached fiscal note,                                                               
and title change.                                                                                                               
                                                                                                                                
CHAIR  BISHOP found  no objection  and announced  that [SCS  CSHB                                                               
146(CRA)]  was  moved  from the  Senate  Community  and  Regional                                                               
Affairs Standing Committee.