02/02/2006 09:00 AM Senate FINANCE

                                                                                                                                
     HOUSE BILL NO. 217(title am)                                                                                               
     "An Act  relating to the determination  of full and  true value                                                            
     of  taxable  municipal  property   for  purposes  of  providing                                                            
     planning  assistance to the Department  of Education  and Early                                                            
     Development  and  the  legislature,   calculating  funding  for                                                            
     education,  calculating  school district  participating  shares                                                            
     for school  construction grants,  and calculating tax  resource                                                            
     equalization  payments  and excluding  from that determination                                                             
     the  value  of  property  in  certain  areas  detached  from  a                                                            
     municipality  and the value of  certain property involved  with                                                            
     oil and gas that is not taxed by a municipality."                                                                          
                                                                                                                                
                                                                                                                                
This  was the third  hearing  for this  bill in  the Senate  Finance                                                            
Committee.                                                                                                                      
                                                                                                                                
9:05:42 AM                                                                                                                    
                                                                                                                                
Co-Chair Green  stated that the bill  had been held in Committee  in                                                            
order to allow Members further time to review it.                                                                               
                                                                                                                                
Co-Chair  Wilken noted  that Senator  Olson had  discussed the  bill                                                            
with his constituents and no further concerns were raised.                                                                      
                                                                                                                                
9:05:58 AM                                                                                                                    
                                                                                                                                
Co-Chair  Wilken  moved  to  report the  bill  from  Committee  with                                                            
individual recommendations and accompanying fiscal notes.                                                                       
                                                                                                                                
There  being  no  objection,  SCS  HB  217(FIN)  was  REPORTED  from                                                            
Committee  with a new  $98,500 fiscal  note dated  January 31,  2006                                                            
from   the  Department   of   Commerce,   Community   and   Economic                                                            
Development.                                                                                                                    
                                                                                                                                
9:06:23 AM