An Act relating to financing by the Alaska Industrial Development and Export Authority for workforce housing development projects; relating to a mandatory exemption from municipal property taxes for certain assets of the Alaska Industrial Development and Export Authority; and providing for an effective date by repealing the effective date of sec. 2, ch. 64, SLA 2018.
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- Became Law
Overview
This bill makes changes to how the Alaska Industrial Development and Export Authority (AIDEA) can finance workforce housing projects and provides a tax exemption for AIDEA’s assets. Specifically, it expands AIDEA’s ability to finance workforce housing construction and establishes a mandatory property tax exemption for certain AIDEA assets. The bill also repeals certain sections of a previous law to make these changes effective.
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