CSHB 232(L&C): "An Act relating to a municipal air quality improvement tax credit; and relating to a municipal energy efficient construction tax credit."
00 CS FOR HOUSE BILL NO. 232(L&C) 01 "An Act relating to a municipal air quality improvement tax credit; and relating to a 02 municipal energy efficient construction tax credit." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 29.45 is amended by adding a new section to read: 05 Sec. 29.45.047. Air quality improvement tax credit. A municipality may, by 06 ordinance, provide for a single or multiple year air quality improvement tax credit to 07 offset a portion of the property taxes due on real property improvements made during 08 the immediately preceding tax year prior to the municipality's initial approval of the 09 tax credit, including new construction, refurbishments, remodels, and renovations that 10 aid in improving the air quality in the municipality. The municipality shall establish 11 eligibility criteria for the credit in the ordinance adopted under this section. 12 * Sec. 2. AS 29.45 is amended by adding a new section to read: 13 Sec. 29.45.049. Energy efficient construction tax credit. A municipality 14 may, by ordinance, provide for a single or multiple year energy efficient construction
01 tax credit to offset a portion of the property taxes due on real property improvements 02 made during the immediately preceding tax year prior to the municipality's initial 03 approval of the tax credit, including energy efficient new construction, refurbishments, 04 remodels, and renovations. The municipality shall establish eligibility criteria for the 05 credit in the ordinance adopted under this section.