An Act relating to municipal assessments of farm or agricultural land; and providing for an effective date.

Summary

The bill amends Alaska statutes to set clear deadlines and documentation requirements for owners or lessees of farm‑use land to receive a property‑tax assessment exemption. It defines "farm use" based on sales of agricultural products and excludes marijuana production. The changes affect individual owners, lessees, and S‑corporations seeking the exemption.

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