Legislature(1999 - 2000)
1999-03-25 Senate Journal
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Full Journal pdf1999-03-25 Senate Journal Page 0687 SB 99 Senator Ellis gave notice of reconsideration. Second Reading of House Bills HB 76 CS FOR HOUSE BILL NO. 76(RLS) am An Act relating to an exemption from and deferral of payment on municipal taxes on deteriorated property; and providing for an effective date was read the second time. Senator Donley offered Amendment No. 1 : Page 2, line 6, following time.: Insert The assessed value determined for the first assessment year after the year an exemption or deferral is granted to property under this subsection shall be used to recalculate the amount of taxes levied on the property during the five years immediately preceding that assessment year. If the amount of taxes levied for that five-year period was less than the recalculated amount, the difference shall be added as an additional charge to the amount of tax levied for the assessment year. No exemption or deferral may be applied to the additional charge. Senator Donley moved for the adoption of Amendment No. 1. Objections were heard. Senator Donley moved and asked unanimous consent that he be allowed to withdraw his motion. Without objection, Amendment No. 1 was withdrawn. Senator Halford offered Amendment No. 2 : Page 2, line 19, insert a new section to read: *Sec. 2. AS 29.45.050(o) is repealed July 1, 2002. Renumber following section.