Bill > HB291

This bill modifies existing Alaska laws concerning municipal property tax exemptions and fees. It allows municipalities to exempt certain properties from fees for landfills or dumping areas, particularly for waste generated from the rehabilitation or demolition of deteriorated properties, with specific definitions for what constitutes "deteriorated property" including residential and commercial buildings meeting certain criteria. The bill also expands the ability of municipalities to classify and exempt real property from taxation by ordinance, with voter approval required for exemptions exceeding $75,000 for a property, and removes a previous restriction that limited exemptions to $75,000 for any one residence. Additionally, it revises the senior citizen property tax exemption, allowing voters to approve exemptions for the assessed value exceeding $150,000 for residents aged 65 or older, and removes provisions for disabled veterans and surviving spouses to qualify for this specific exemption. Finally, the bill grants municipalities broader authority to classify and exempt personal property from ad valorem taxes, allowing them to instead levy a flat tax on such exempted personal property.

Government Affairs

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB291