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AK HB40

Bill

Official Source

Status

Introduced

1/18/2011

Primary Sponsor

Scott Kawasaki

Click for details

Origin

House of Representatives

27th Legislature

AI Summary

  • Amends AS 29.45.050(a) to increase the maximum assessed value limit for residential property tax exemptions from $20,000 to $100,000 per residence
  • Allows municipalities to exclude, exempt, or partially exempt residential property from taxation through an ordinance ratified by voters at an election
  • Permits exemptions to be applied to taxes levied in service areas designated to fund special services
  • Requires voter ratification before a municipality may implement any residential property tax exemption

Legislative Description

Municipal Property Tax Exemption

Municipalities

Last Action

REFERRED TO COMMUNITY & REGIONAL AFFAIRS

1/18/2011

Committee Referrals

Community & Regional Affairs1/18/2011

Full Bill Text

No bill text available