Kenai Peninsula Borough
Habitat Protection
Tax Credit Program
The Kenai Peninsula Borough Habitat Protection Tax Credit Program provides landowners a tax credit as partial reimbursement for habitat protection and restoration projects within 150 feet of the anadromous water bodies protected under the KPB Habitat Protection District.
To read the Tax Credit Ordinance, click here.
What kinds of projects qualify?
The following projects qualify for the tax credit:
Gratewalks and boardwalks
Cabled spruce trees
Floating docks
Hydrocarbon spill prevention and reduction measures
Bank habitat restoration
Bridges and spans
How much is the credit?
For the first three consecutive tax years following completion of the project, the borough will provide a credit of up to 50% of the land tax assessment or the cost incurred in the project, whichever is less. The tax credit is not transferable should the property be sold. This is a Kenai Peninsula Borough credit and it does not apply to any city tax portion.
How and when do I apply?
There is a 2-part application process:
Part 1: Prior to beginning construction of a project, the property owner must submit Part One of the tax credit application for pre-qualification approval.
Part 2: Upon completion of a project, the property owner must submit Part Two of the application as well as copies of receipts accumulated in conjunction with the project.
Click here to download the application (requires Adobe Acrobat Reader).
This application is a writable PDF that can be filled out on your computer and then printed for your signature.
If you do not have Adobe Acrobat Reader, click the button below for a free download.
Your project may also be eligible for a KPB tax exemption and/or the Alaska Department of Fish and Game/US Fish and Wildlife Service Habitat Improvement Cost-Share Program.
For more information, contact the Kenai River Center at (907) 714-2461.