SB 4-MUNICIPAL PROPERTY TAX EXEMPTION  The first order of business was SB 4 and Chairman Torgerson had a prepared CS for committee review. The amendment removes section 2, which is the portion of the bill that generated the large fiscal note by increasing the exemption from $10,000 to $50,000. SENATOR PHILLIPS made a motion to adopt the CS and there were no objections. CHAIRMAN TORGERSON asked for testimony. There was none. SENATOR PHILLIPS made a motion to move CS SB 4 (CRA) and its zero fiscal note from committee with individual recommendations. There were no objections.