00                  SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 13                                                               
01 "An Act relating to optional municipal property tax exemptions for certain long-term                                    
02 rental units, certain mobile home parks, real property rented to low-income families,                                   
03 real property owned and occupied as a permanent place of abode, and real property                                       
04 owned by first-time homebuyers."                                                                                        
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
06    * Section 1. AS 29.45.050 is amended by adding new subsections to read:                                            
07            (aa)  A municipality may by ordinance exempt or partially exempt from                                        
08       taxation a structure that contains a dwelling unit that was converted from use as a                               
09       short-term rental unit to exclusive use as a long-term rental unit. In this subsection,                           
10                 (1)  "dwelling unit" has the meaning given in AS 34.03.360;                                             
11                 (2)  "long-term rental unit" means a dwelling unit offered for rent for                                 
12       periods of not less than 90 consecutive days;                                                                     
13                 (3)  "short-term rental unit" means a dwelling unit offered for rent for                                
14       periods of 30 consecutive days or less; "short-term rental unit" does not include a                               
01                      (A)  hotel, motel, or bed and breakfast;                                                           
02                      (B)  commercially operated hunting or wilderness camp; or                                          
03                      (C)  dwelling unit operated by a government entity or charitable                                   
04            organization that provides temporary housing to individuals or family members                                
05            of individuals who are being treated for trauma, injury, or disease.                                         
06            (bb)  A municipality may by ordinance exempt or partially exempt from                                        
07       taxation a mobile home park for up to 10 years after the mobile home park is                                      
08       constructed or renovated.                                                                                         
09            (cc)  A municipality may by ordinance exempt or partially exempt from                                        
10 taxation real property rented to a low-income family if the monthly rent charged to the                                 
11 low-income family is not more than 30 percent of the median family income for the                                       
12 area as determined by the United States Secretary of Housing and Urban Development                                      
13 under 42 U.S.C. 1437a(b)(2)(C)(ii). In this subsection, "low-income family" has the                                     
14       meaning given to "low-income families" in 42 U.S.C. 1437a(b)(2)(A).                                               
15 (dd)  A municipality may by ordinance exempt or partially exempt from                                                   
16 taxation real property owned and occupied as a permanent place of abode by a resident                                   
17       of the municipality.                                                                                              
18 (ee)  A municipality may by ordinance exempt or partially exempt from                                                   
19       taxation residential real property owned by a first-time home buyer.