0:49
Ben Bowman
48:24 - 49:14
"by state statute, the empowering statute that allows the Assembly to to create this tax exemption gives any elected service area board or special tax area the option to, within 60 days of the effective date of the ordinance— we can completely choose when that effective date occurs to give them more time if necessary— they can opt out. They can pass a resolution and say, we're out of this. And it would be opting out only for the portion of the taxes which would go to fund their services."
“by state statute, the empowering statute that allows the Assembly to to create this tax exemption gives any elected service area board or special tax area the option to, within 60 days of the effective date of the ordinance— we can completely choose when that effective date occurs to give them more time if necessary— they can opt out. They can pass a resolution and say, we're out of this. And it would be opting out only for the portion of the taxes which would go to fund their services.”
- Speaker
- Ben Bowman
- Timestamp
- 48:24 – 49:14
- Community
- Alaska News
- Location
- Anchorage
- Captured at
- July 17, 2026
From the transcript
And I'm happy to have the larger discussion to whatever degree we need, but by state statute, the empowering statute that allows the Assembly to to create this tax exemption gives any elected service area board or special tax area the option to, within 60 days of the effective date of the ordinance— we can completely choose when that effective date occurs to give them more time if necessary— they can opt out. They can pass a resolution and say, we're out of this. And it would be opting out only for the portion of the taxes which would go to fund their services. Correct. So it would still provide some measurable benefit to the builders, to the first-time homebuyers, to the mixed-use, but all of these the boards can opt out of if they so choose.