INITIATIVE PETITION BILL LANGUAGE
by Petition Sponsors

Petition ID: 01PRTX
An Initiative Providing for Local Control
of Property Assessment and Taxation

Posted 6/27/01

Proposed Bill:

Section I. Municipal Property Assessment and Taxation

AS 29.45.110 (a) is repealed and reenacted to read as (a)-(d) as follows:


Section 2. Redesignation of Existing Sections

The subsections of AS 29.45.110 presently designated (b), (c), and (d) are redesignated (e), (f) and (g).


Section 3. Severability

The provisions of this Act are independent and severable, and if any provision of this Act, or the applicability of any provision to any person or circumstance, shall be held to be invalid by a court of competent jurisdiction, the remainder of this Act shall not be affected and shall be given effect to the fullest extent practicable.

Section 4. Effective Date

This Act takes effect January 1, 2002.