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AK HB21

Bill

Official Source

Status

Introduced

1/20/2009

Primary Sponsor

Leslie Gara

Click for details

Origin

House of Representatives

26th Legislature

AI Summary

  • Increases the maximum residential property tax exemption from $20,000 to $100,000 assessed value per residence
  • Allows municipalities to increase the exemption amount by ordinance without voter approval, limited to the annual percentage change in the Consumer Price Index for the Anchorage metropolitan area
  • Exemptions must still be initially ratified by voters at an election, but subsequent cost-of-living adjustments do not require voter approval
  • Uses the Consumer Price Index for all urban consumers compiled by the U.S. Department of Labor, Bureau of Labor Statistics as the adjustment benchmark
  • Applies to exclusions or exemptions authorized for service areas funding special services

Legislative Description

Municipal Property Tax Exemption

Municipalities

Last Action

REFERRED TO COMMUNITY & REGIONAL AFFAIRS

1/20/2009

Committee Referrals

Community & Regional Affairs1/20/2009

Full Bill Text

No bill text available