CITY OF HOMER

HOMER, ALASKA

Shadle

RESOLUTION 06-15

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA IN SUPPORT OF SENATE BILL 193, AN ACT RELATING TO AN OPTIONAL DEFERRAL OF MUNICIPAL PROPERTY TAXES ON CERTAIN PRIMARY RESIDENCES OWNED AND OCCUPIED BY INDIVIDUALS WITH INCOMES AT OR BELOW FEDERAL POVERTY GUIDELINES FOR THE STATE, THAT AMENDS AS 29.

WHEREAS, Senate Bill 193 is an act relating to an optional deferral of municipal property taxes on certain primary residences owned and occupied by individuals with incomes at or below federal poverty guidelines for the state; and

WHEREAS, Senate Bill 193 amends Alaska Statute Chapter 29/45 to add a new section 29.45.052, Tax deferral for primary residences; and

WHEREAS, This provides for deferral of property taxes on property that has been occupied for at lest ten consecutive years as the individual's primary resident and whose income is at or below federal poverty guidelines for th state set by the US Department of Health and Human Services; and

WHEREAS, It also states that the individual must apply each year that a deferral is sought and supply proof of eligibility for the deferral for that year in accordance with the requirements set out in the ordnance that authorizes the deferral; and

WHEREAS, Taxes for a year that are deferred do not become payable until ownership of the property is transferred from the individual who obtained the deferral; and

WHEREAS, A municipality that provides for a deferral of property taxes under the new section, AS 29.45.052 may not impose interest on the taxes deferred between the time the deferral is granted and the time the taxes become payable.

NOW, THEREFORE BE IT RESOLVED that the Homer City Council hereby supports Senate Bill 193 and urges passage of said Bill.

BE IT FURTHER RESOLVED by the City Council that this Resolution shall be sent to Governor Frank Murkowski, the Kenai Peninsula Borough Mayor, John Williams, and all Mayors in the Kenai Peninsula Borough and sent to the Alaska Municipal League, Senator Gary Stevens, Representative Paul Seaton, Senator President Ben Stevens, the Speaker of the House John Harris, and the Community and Regional Affairs and Finance Committees.

PASSED AND APPROVED by the Homer City Council this 13th day of February, 2006.

CITY OF HOMER

JAMES C. HORNADAY, MAYOR

ATTEST:

________________________________________

MARY L. CALHOUN, CMC, CITY CLERK

Fiscal Note: Possible reduction in property tax revenues during any given year.