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AK HB404

Bill

Official Source

Status

Introduced

2/23/2010

Primary Sponsor

Chris Tuck

Click for details

Origin

House of Representatives

26th Legislature

AI Summary

  • Amends AS 29.45.050(a) to allow municipalities to classify residential property by type and exclude, exempt, or partially exempt one or more types of residential property from taxation by ordinance ratified by voters at an election
  • Changes the maximum exemption limit from $20,000 to $50,000 of assessed value for any one residence
  • Exemptions may be applied to taxes levied in service areas to fund special services
  • Replaces "OR" with clarifying language to allow exclusions, exemptions, or partial exemptions for "one or more types" of residential property

Legislative Description

Municipal Residential Property Taxes

Municipalities

Last Action

REFERRED TO COMMUNITY & REGIONAL AFFAIRS

2/23/2010

Committee Referrals

Community & Regional Affairs2/23/2010

Full Bill Text

No bill text available