00 HOUSE BILL NO. 444                                                                                                      
01 "An Act relating to municipal property tax exemptions for certain residences and                                        
02 to property tax equivalency payments for certain residents; and providing for an                                        
03 effective date."                                                                                                        
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  AS 29.45.030(h) is amended to read:                                                                    
06  (h)  Nothing [EXCEPT AS PROVIDED IN (g) OF THIS SECTION,                                                            
07 NOTHING] in (j) [(e) - (j)] of this section affects similar exemptions from property                                  
08 taxes granted by a municipality on September 10, 1972 [, OR PREVENTS A                                                  
09 MUNICIPALITY FROM GRANTING SIMILAR EXEMPTIONS BY ORDINANCE                                                              
10 AS PROVIDED IN AS 29.45.050].                                                                                           
11    * Sec. 2.  AS 29.45.030(k) is amended to read:                                                                       
12  (k)  The department shall adopt regulations to implement the provisions of [(g)                                       
13 AND] (j) of this section.                                                                                               
14    * Sec. 3. AS 29.45.050(i) is amended to read:                                                                        
01  (i)  A municipality may by ordinance approved by the voters exempt from                                               
02 taxation all or part of the assessed value [THAT EXCEEDS $150,000] of real                                            
03 property owned and occupied as a permanent place of abode by a resident who is                                          
04   (1)  65 years of age or older;                                                                                       
05   (2)  a disabled veteran, including a person who was disabled in the line                                             
06 of duty while serving in the Alaska Territorial Guard; or                                                               
07   (3)  at least 60 years old and a widow or widower of a person who                                                    
08 qualified for an exemption under (1) or (2) of this subsection.                                                         
09    * Sec. 4.  AS 29.45.030(a)(6), 29.45.030(e), 29.45.030(f), 29.45.030(g), 29.45.030(i), and                           
10 29.45.040 are repealed.                                                                                                 
11    * Sec. 5.  This Act takes effect January 1, 1997.