00HOUSE BILL NO. 25                                                                                                     
01 "An Act relating to a municipal river habitat protection tax credit."                                                   
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
03    * Section 1.  AS 29.45.046(a) is amended to read:                                                                  
04  (a)  Unless prohibited by municipal charter, a municipality may by ordinance                                          
05 provide for a river habitat protection credit to be applied to offset a portion of the                                  
06 property taxes due on land, or an interest in land taxable under this chapter, upon                                     
07 which an improvement has been constructed that aids in                                                                  
08   (1)  protecting  a river  [THE KENAI RIVER OR A TRIBUTARY OF                                                       
09 THE KENAI RIVER] from degradation of fish habitat due to public or private use; or                                      
10   (2)  restoring riparian fish habitat along or in  a river  [THE KENAI                                              
11 RIVER OR A TRIBUTARY OF THE KENAI RIVER] that has been damaged by land                                                  
12 use practices.