txt

SB 325: "An Act relating to an optional municipal tax exemption for real property occupied as the primary residence and permanent place of abode by a resident who is the owner and is disabled." 

00SENATE 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.