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HB 358: "An Act relating to an optional exemption from municipal property taxes for certain land from which timber is harvested and for certain improvements used in or necessary to the harvest of timber."

00 HOUSE BILL NO. 358 01 "An Act relating to an optional exemption from municipal property taxes for certain 02 land from which timber is harvested and for certain improvements used in or necessary 03 to the harvest of timber." 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 (q) A municipality may by ordinance partially or totally exempt from taxation 07 land from which timber is harvested that is infested by insects or at risk of being 08 infested by insects due to an infestation in the area in which the land is located. A 09 municipality may provide that an exemption for land under this subsection applies 10 only to increases in assessed value that result from the timber harvest. A municipality 11 may by ordinance partially or totally exempt from taxation improvements to real 12 property, including personal property affixed to the improvements, if the 13 improvements are 14 (1) located on land from which timber is harvested that is infested by

01 insects or at risk of being infested by insects due to an infestation in the area in which 02 the land is located; and 03 (2) used for or necessary to the harvest of the timber that is infested by 04 insects or in danger of insect infestation.