SB 232-MUNICIPAL RESIDENTIAL PROPERTY TAXES                                                                       
                                                                                                                                
3:44:15 PM                                                                                                                    
VICE-CHAIR THOMAS  announced the next  order of business  to come                                                               
before the committee was SB 232.                                                                                                
                                                                                                                                
GEORGE ASCOTT, staff to Senator  Wielechowski, said SB 232 and SB                                                               
120, now  both with  a $50,000  exemption limit,  are essentially                                                               
identical. He explained the only  different is that SB 232 allows                                                               
the municipalities  to extend  the property  tax exemption  on to                                                               
rental properties  if they  chose to do  so; the  intention being                                                               
that the tax burden would not be passed on to renters.                                                                          
                                                                                                                                
SENATOR  FRENCH  moved  to  report SB  232  from  committee  with                                                               
individual  recommendations and  attached  fiscal note(s).  There                                                               
being no objection, the motion carried.