00                             SENATE BILL NO. 63                                                                          
01 "An Act relating to municipal property taxation in annexed and detached areas; and                                      
02 providing for an effective date."                                                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 29.06 is amended by adding a new section to read:                                                 
05            Sec. 29.06.055.  Property taxes in annexed or detached areas.  (a)  Unless                                 
06       the annexation takes effect on January 1, the municipality may not assess, levy, or                               
07       collect property taxes in an annexed area before January 1 of the year immediately                                
08       following the year in which the annexation takes effect.                                                          
09            (b)  If an area is detached from a municipality, all property taxes that are levied                          
10       by that municipality on property in the detached area based on an assessment that                                 
11       occurred before the effective date of the detachment remain valid.  AS 29.45.290 -                                
12       29.45.500 apply to the enforcement of those taxes.                                                                
13    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).