00                        CS FOR HOUSE BILL NO. 6(FIN)                                                                     
01 "An Act relating to optional exemptions from municipal property taxes on residential                                    
02 property."                                                                                                              
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 29.45.050(a) is amended to read:                                                                  
05            (a)  A municipality may exclude or exempt or partially exempt residential                                    
06       property from taxation by ordinance ratified by the voters at an election.  An                                
07       exclusion or exemption authorized by this subsection may not be applied with                                  
08       respect to taxes levied in a service area to fund the special services.  An exclusion                         
09       or exemption authorized by this subsection [SECTION] may not exceed the assessed                              
10       value of $40,000 [$10,000] for any one residence.                                                             
11    * Sec. 2.  AS 29.45.050 is amended by adding a new subsection to read:                                             
12            (q)  A municipality may by ordinance approved by the voters exempt from                                      
13       taxation an amount not to exceed $20,000 of the assessed value of real property owned                             
14       and occupied as a permanent place of abode by a resident who provides in the                                      
01       municipality volunteer (1) fire fighting services; or (2) emergency medical services.  If                         
02       two or more individuals are eligible for an exemption for the same property, not more                             
03       than one exemption may be granted.  The exemption under this subsection is in                                     
04       addition to any exclusion or exemption that may be authorized for the same property                               
05       under (a) of this section.