Loading...
1990-41 Creating an Exemption from Property Taxes for CommunityIntroduced by: Date: Public Hearing: Defeated: KODIAK ISLAND BOROUGH ORDINANCE NO. 90 -41 AN ORDINANCE CREATING AN EXEMPTION FROM PROP TY TAXES FOR COMMUNITY PURPOSE ORGANIZATION Mayor Selb 11 /01 /sO 12/0. 90 12/'./90 WHEREAS, Alaska Statues allow the Kodi Island Borough to enact certain optional property tax exemptio s; and, WHEREAS, there are certain non - profit organizations who contribute to the community their efforts - d abilities through the enhancing of the economy of the Kodiak -land Borough; and WHEREAS, these organizations do ne qualify for property tax exemption under current borough or.inance which allow tax exempt status for non - profit charitable, ducational, religious, hospital, and educational groups only; a WHEREAS, AS 29.4 .O5O(2)(A) allows the Kodiak Island Borough to enact an op • onal exemption for those non - profit organizations who quali as a community purpose group; and WHEREAS, i is in the best interest of the citizens of the Kodiak Islan• Borough to help those organizations who contribute to th economic well being of the community; NOW THEREFORE, BE IT ORDAINED by the Assembly of the Kodiak Island Borough that: Section 1: This ordinance is of a general and permanent natur= and shall be codified. Section 2: Section 3.20.080 of the Code of Ordinances is reby amended by inserting new language to read: Ordinance No. 90 -41 Page 1 of 2 D. . . . E. . . . F. . . . G. Property of an organization not business or profit making purposes and used community purpose activities is exempt from t sub - chapter. 1. The assessor may from time information as is reasonably necessary to of the organization and the nature of provided in this section is not appl information is provided to the asses - 2. For purposes of this Purpose Organization must be act status under Section 501(c)(6) Code. ATTEST: C. Borough Clerk 3.20.080 Property exempted from taxation A. B . organized for exclusively for xation under this to time require such etermine the character es made. The exemption cable unless the required or. ection a qualifying Community e and qualified for tax exempt the Internal Revenue Service Tax PASSED AND APPROV'D THIS 6th DAY OF DECEMBER, 1990. KODIAK ISLAND BOROUGH Borough Mayor Presiding Officer Ordinance No. 90 -41 Page 2 of 2