CHAIRMAN KELLY called the Labor and Commerce meeting to order at              
 1:40 p.m. and announced  SB 347  (LIMITED LIABILITY COMPANIES) to be     e    
 up for consideration.  He said they had a CS incorporating the                
 changes made on the House side and adding an effective date of July           
 1, 1995.  It puts off the tax question until next year when it will           
 become clear what is going to happen in Alaska.                               
                                                                               
 SENATOR SHARP moved to adopt the CS to SB 347.  There were no                 
 objections and it was so ordered.                                             
                                                                               
 SENATOR SHARP moved to pass CSSB 347 (L&C) with individual                    
 recommendations.  There were no objections and it was so ordered.