SB 136-MUNICIPAL PROPERTY TAX EXEMPTIONS CHAIR ROKEBERG announced that the first order of business would be CS FOR SENATE BILL NO. 136(FIN) am, "An Act relating to a mandatory property tax exemption for certain private property interests on military bases or installations; relating to an optional exclusion or exemption from municipal taxation for residential property; relating to an exemption from and deferral of municipal property taxes on certain types of deteriorated property; and providing for an effective date." Number 0073 MARY JACKSON, Staff to Senator Thomas Wagoner, Alaska State Legislature, informed the committee that the companion to SB 136 is HB 241, which has been through the House State Affairs Standing Committee and the House Finance Committee. However, there are a couple of differences between the two pieces of legislation. She directed the committee's attention to the committee packet, which includes a document explaining the Senate floor amendments to [CSSB 136(FIN)]. She explained that [the Senate floor amendment] created an exemption for private entities that construct military bases, if that private entity enters into an agreement for payment in lieu of taxes. The intention is to avoid duplicative taxes. Currently, [these private entities] pay a payment in lieu of taxes and a tax. CHAIR ROKEBERG, upon determining that no one else wished to testify and that there were no questions, inquired as to the will of the committee. Number 0196 REPRESENTATIVE BERKOWITZ moved to report CSSB 136(FIN) am out of committee with individual recommendations and the accompanying zero fiscal note. There being no objection, CSSB 136(FIN) am was reported from the House Rules Standing Committee.