AK SB93

Municipalities may adopt ordinances providing a property tax credit to offset taxes on properties improved in ways that aid air quality during the preceding tax year.

The credit amount shall be based on a percentage of the verifiable costs of the improvement and may be granted for multiple years.

Municipalities may limit credit availability to specific types of improvements and to properties located in areas that do not meet federal or state air quality standards.

Each municipality's ordinance shall establish eligibility requirements, conditions, and other criteria for granting the credit.