CSHB 27(CRA): "An Act relating to an optional exemption from municipal property taxes on certain residences of law enforcement officers."

00 CS FOR HOUSE BILL NO. 27(CRA) 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 that is an eligible area and exempt from taxation an amount not to exceed $150,000 of 07 the assessed value of real property within the area that is owned and occupied as the 08 primary permanent place of abode by a law enforcement officer. If two or more 09 individuals are eligible for an exemption for the same property under this subsection, 10 not more than two exemptions may be granted. A municipality that adopts an 11 ordinance under this subsection may not request state funds to cover any loss of 12 revenue to the municipality caused by the ordinance. The ordinance must include a 13 definition of "law enforcement officer." The ordinance must also define "eligible 14 area" to mean an area

01 (1) that meets the eligibility requirements under a federal program of 02 special assistance for urban development, neighborhood revitalization, or law 03 enforcement, without regard to whether an application for the federal assistance on 04 behalf of the area has been made or whether the area has actually received or is 05 receiving the federal assistance; 06 (2) with a statistically higher occurrence of crime than the municipality 07 as a whole; or 08 (3) that meets the requirements of (1) and (2) of this subsection.