HB 27: "An Act relating to an optional exemption from municipal property taxes on certain residences of law enforcement officers."
00 HOUSE BILL NO. 27 01 "An Act relating to an optional exemption from municipal property taxes on certain 02 residences of law enforcement officers." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 29.45.050 is amended by adding a new subsection to read: 05 (s) A municipality may by ordinance designate an area within its boundaries 06 as an eligible area for purposes of this subsection and exempt from taxation an amount 07 not to exceed $10,000 of the assessed value of real property within the area that is 08 owned and occupied as a permanent place of abode by a law enforcement officer. The 09 ordinance must include a definition of "law enforcement officer." A municipality that 10 adopts an ordinance under this subsection may not request state funds to cover any 11 municipal budget shortfall caused by the ordinance. In this subsection, "eligible area" 12 means an area 13 (1) that meets the eligibility requirements under a federal program of 14 special assistance for urban development, neighborhood revitalization, or law
01 enforcement, without regard to whether an application for the federal assistance on 02 behalf of the area has been made or whether the area has actually received or is 03 receiving the federal assistance; or 04 (2) with a statistically higher occurrence of crime than the municipality 05 as a whole.