AK SB77

Removes restriction that limited school district municipalities to exempting only taxes exceeding their required local contribution under AS 14.17.410(b)(2) for economic development property

Allows municipalities to partially or totally exempt economic development property from taxation for a designated period, or permit deferral of tax payments on such property

Requires municipalities to provide written notice at public hearings that adopted exemption or deferral ordinances may be repealed by voters through referendum

Mandates that any exemption or deferral ordinance include specific eligibility requirements and require written applications for each exemption or deferral

Takes effect immediately upon enactment