3 AAC 136.030 - Eligibility
(a) To be eligible, property for which rent
is paid must be subject to a local property tax. Payment in place of property
tax is not considered local property tax for purposes of this
chapter.
(b) To be eligible, a
rental payment must be paid to the landlord and must exclude security deposits,
rent paid for the year before the program year, and advance payments for the
year after the program year. Rental charges for food, medical care and
supplies, personal services, or other items not directly related to providing
shelter and utilities are not eligible. Sales tax paid to the landlord for the
rental may be included in the eligible rent paid.
(c) An applicant may not receive a property
tax exemption under AS 29.53.020(e) - (i) and renter equivalency payment under
AS 29.73.060 for the same program year unless a portion of a permanent place of
abode is owned and a portion of the same permanent place of abode is
rented.
(d) An applicant must be
age 65 or older before January 1 of the program year to be eligible.
(e) Application for an equivalency payment
must be mailed to the department by January 15 of the year following the
program year.
Notes
Authority:AS 29.45.040
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