State of Alaska
Fiscal Note
Bill Version: CSSB 77(CRA)
2023 Legislative Session
Fiscal Note Number: 1
(S) Publish Date: 3/29/2023
Identifier: SB077-DCCED-DCRA-03-10-23 Department: Department of Commerce, Community and
Title: MUNI PROP TAX EXEMPTION/TAX BLIGHTED Economic Development
PROP Appropriation: Community and Regional Affairs
Sponsor: DUNBAR Allocation: Community and Regional Affairs
Requester: (S) Community & Regional Affairs OMB Component Number: 2879
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2024 Governor's
Appropriation FY2024 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2024 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029
Personal Services
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fund Source (Operating Only)
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2023) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2024) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? No
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? No
If yes, by what date are the regulations to be adopted, amended or repealed?
Why this fiscal note differs from previous version/comments:
Not applicable, initial version.
Prepared By: Sandra Moller, Director Phone: (907)269-4569
Division: Community and Regional Affairs Date: 03/10/2023
Approved By: Hannah Lager, Administrative Services Director Date: 03/10/23
Agency: Commerce, Community, and Economic Development
Printed 3/29/2023 Page 1 of 2 Control Code: qeRGn
 CSSB 77(CRA) - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. SB 77
2023 LEGISLATIVE SESSION
Analysis
SB 77 changes the statute related to municipal economic development property tax exemption. A clause in AS
29.45.050(m) that limits exemptions to amounts that exceed the levies on other properties in excess of the school
district’s required local contributions under AS 14.17.410 will be removed and a new section that allows for taxation of
“blighted property” will be added. The definition, procedures, standards and limits for this tax are outlined in the next
section.
The Division of Community and Regional Affairs does not anticipate fiscal impact from this legislation.
(Revised 08/26/2022 OMB/LFD) Page 2 of 2
SB077-DCCED-DCRA-03-10-23 Page 2 of 2 Control Code: qeRGn


Statutes affected:
SB0077A, AM SB 77, introduced 02/22/2023: 29.45.050, 14.17.410, 29.35.460
SB0077B, AM CSSB 77(CRA), introduced 03/29/2023: 29.45.050, 14.17.410, 29.35.460
SB0077C, AM CSSB 77(CRA) am, introduced 04/11/2023, passed Senate 04/11/2023: 29.45.050, 14.17.410, 29.35.460, 29.45.560
SB0077D, AM HCS CSSB 77(CRA), introduced 04/19/2023: 29.45.050, 14.17.410, 29.35.460, 29.45.560
SB0077E, AM HCS CSSB 77(FIN), introduced 05/16/2023: 29.45.050, 14.17.410, 29.35.460, 29.45.560