2005-05-09                     House Journal                      Page 1864
Representative Coghill moved and asked unanimous consent that                                       
SB 158 be returned to second reading for the specific purpose of                                    
considering Amendment No. 1.  There being no objection, it was so                                   
ordered.                                                                                            
                                                                                                    
Amendment No. 1 was offered  by Representatives Harris and Coghill:                                  
                                                                                                    
Page 1, line 1, following "Act" (title amendment):                                                
 Insert "relating to the determination of full and true value of                                  
taxable municipal property for purposes of providing planning                                     
assistance to the Department of Education and Early Development                                   
and the legislature, calculating funding for education, calculating                               
school district participating shares for school construction grants,                              
and calculating tax resource equalization payments and excluding                                  
from that determination the value of property in certain areas                                    
detached from a municipality and the value of certain property                                    
involved with oil and gas that is not taxed by a municipality; and"                               
                                                                                                    
Page 1, following line 3:                                                                           
 Insert a new bill section to read:                                                                 
"* Section 1.  AS 14.17.510(a) is amended to read:                                                
      (a)  To determine the amount of required local contribution                                   
     under AS 14.17.410(b)(2) and to aid the department and the                                     
     legislature in planning, the Department of Commerce,                                           
     Community, and Economic Development, in consultation with the                                  
     assessor for each district in a city or borough, shall determine the                           
     full and true value of the taxable real and personal property in                               
     each district in a city or borough.  If there is no local assessor or                          
     current local assessment for a city or borough school district, then                           
     the Department of Commerce, Community, and Economic                                            
     Development shall make the determination of full and true value                                
     from information available.  In making the determination, the                                  
     Department of Commerce, Community, and Economic                                                
     Development shall be guided by AS 29.45.110.  However, the                                 
     full and true value of taxable real and personal property in                               
     any area detached shall be excluded from the determination of                              
     the full and true value of the municipality from which the                                 
     property was detached for the two years immediately                                        
     preceding the effective date of the detachment.  Also, in                                  
     making the determination for a municipality that is a school