2002-04-22                     Senate Journal                      Page 2888
                  Introduction and Reference of Senate Bills                                     
                                                                                                    
SB 366                                                                                            
SENATE BILL NO. 366 BY THE SENATE JUDICIARY                                                         
COMMITTEE, entitled:                                                                                
                                                                                                    
             "An Act relating to the fee for the Chitina dip net                                   
          fishing permit; and providing for an effective date."                                     
                                                                                                    
was read the first time and referred to the Resources and Finance                                   
Committees.                                                                                         
                                                                                                    
                                                                                                    
                        Consideration of the Calendar                                            
                                                                                                    
                        Second Reading of Senate Bills                                           
                                                                                                    
SB 4                                                                                              
SENATE BILL NO. 4 "An Act relating to a mandatory exemption                                         
from municipal property taxes for certain residences and to an optional                             
exemption from municipal taxes for residential property; and                                        
providing for an effective date" was read the second time.                                          
                                                                                                    
Senator Phillips, Chair, moved and asked unanimous consent for the                                  
adoption of the Rules Committee Substitute offered on page 2887.                                    
Without objection, CS FOR SENATE BILL NO. 4(RLS) "An Act                                            
relating to optional exemptions from municipal property taxes on                                    
residential property and limiting an optional exclusion or exemption to                             
the assessed value of $10,000 for a residence in a municipality with a                              
total bonded indebtedness that equals or exceeds $15,000 multiplied                                 
by the number of residents in the municipality; and providing for an                                
effective date" was adopted and read the second time.                                               
                                                                                                    
Senator Olson offered Amendment No. 1 :                                                              
                                                                                                    
Page 1, lines 2 - 4:                                                                                
     Delete "and limiting an optional exclusion or exemption to the                               
     assessed value of $10,000 for a residence in a municipality                                  
     with a total bonded indebtedness that equals or exceeds                                      
     $15,000 multiplied by the number of residents in the                                         
     municipality"