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AK SB120

Bill

Official Source

Status

Introduced

2/20/2009

Primary Sponsor

Johnny Ellis

Click for details

Origin

Senate

26th Legislature

AI Summary

  • Increases the maximum assessed value exemption for residential property tax exclusions or exemptions from $20,000 to $50,000 per residence
  • Allows municipalities to adopt residential property tax exemptions through ordinances ratified by voters at an election
  • Permits exemptions to be applied to taxes levied in service areas for special services
  • Applies to partial exemptions as well as full exclusions from municipal property taxation

Legislative Description

Municipal Property Tax Exemption

Municipalities

Last Action

REFERRED TO FINANCE

2/22/2010

Committee Referrals

Finance2/22/2010
Community & Regional Affairs2/20/2009

Full Bill Text

No bill text available