00Enrolled HB 223                                                                                                         
01 Authorizing municipalities to exempt or partially exempt for up to 10 years property in a                               
02 military facility zone that creates or supports industry, development, or educational or training                       
03 opportunities.                                                                                                          
04                           _______________                                                                               
05    * Section 1. AS 29.45.050 is amended by adding a new subsection to read:                                           
06            (v)  A municipality may by ordinance exempt or partially exempt from                                         
07       taxation for up to 10 years property in a military facility zone that creates or supports                         
08       industry, development, or educational or training opportunities beneficial to a facility.                         
09       An ordinance adopted under this subsection must include specific eligibility                                      
10       requirements and require a written application for each exemption. In this subsection,                            
11       "facility" and "military facility zone" have the meanings given in AS 26.30.900.                                  
12