00 SENATE BILL NO. 325                                                                                                   
01 "An Act relating to an optional municipal tax exemption for real property                                               
02 occupied as the primary residence and permanent place of abode by a resident                                            
03 who is the owner and is disabled."                                                                                      
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05    * Section 1.  AS 29.45.050 is amended by adding a new subsection to read:                                          
06  (o)  A municipality may by ordinance partially or wholly exempt from taxation                                         
07 the real property occupied as the primary residence and permanent place of abode by                                     
08 a resident who is the owner and is disabled as defined in the ordinance that grants the                                 
09 exemption.  An exemption under this subsection may include all or a portion of the                                      
10 assessed value of the real property regardless of its total assessed value.