Section 29.45.810. Exemption from municipal taxation.

   (a) A party to a contract approved by the legislature as a result of submission of a proposed contract developed under AS 43.82 or as a result of acts by the legislature in implementing the purposes of AS 43.82, and the property, gas, products, and activities associated with the approved qualified project that is subject to the contract, are exempt, as specified in the contract, from all taxes identified in the contract that would be levied and collected by a municipality under state law as a consequence of the participation by the party in the approved qualified project.
   (b) This section applies to home rule and general law municipalities.

Authorities

29.10.200;43.82.500

Notes

Recent Bills that will modify this

HB5004 STATE SALES AND USE TAX
SB5004 STATE SALES AND USE TAX

References

AS 29.10.200 Limitation of home rule powers.
AS 43.82.500 Obligation to share payments with municipalities.

History

(Sec. 5 ch 104 SLA 1998)