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SECTION 3. Chapter 19, article 10, section 19-71, of the Hawai`i County Code 1983 <br /> (2016 Edition, as amended), is amended by amending subsection(a) to read as follows: <br /> "(a) Real property owned and occupied as a principal home shall be exempt to the <br /> following extent from property taxes: <br /> (1) Totally exempt where the value of the property is not in excess of <br /> $50,000; <br /> (2) Where the value of the property is in excess of$50,000, the exemption <br /> shall be the amount of$50,000. <br /> Provided that: <br /> (A) No such exemption shall be allowed to any corporation, co- <br /> partnership, or company; <br /> (B) The exemption shall not be allowed on more than one home for <br /> any one taxpayer and that such taxpayer shall certify under penalty <br /> of perjury that such taxpayer has no other home exemption in any <br /> other jurisdiction; <br /> (C) The taxpayer has acquired said home by a recorded deed; <br /> (D) A husband and wife shall not be permitted exemption of separate <br /> homes owned by each of them, unless they are living separate and <br /> apart, in which case they shall be entitled to one exemption, to be <br /> apportioned equally between each of their respective homes; <br /> (E) [A person living on premises, a portion of which is used] Those <br /> portions of the real property and/or structures, including the <br /> principal home, used by any person for commercial purposes, <br /> F [except as provided in subsection(b)or] which [is] are legally <br /> permitted as a home occupation in accordance with the zoning <br /> code, shall [net] be [entitled to an] excluded from this exemption <br /> [with respect to such portion], but shall be entitled to an exemption <br /> with respect to the portion thereof used exclusively as a home; <br /> (F) [A person living on the premises, a portion of which is used as <br /> residential housing rental for a term of not less than six months and <br /> legally permitted by all codes, shall be entitled to an exemption, <br /> - - : . : : .•:-: - . - •:- : ] Notwithstanding paragraph <br /> 19-71(a)(2)(E) above, having portions of the principal home <br /> located on the real property used exclusively as residential housing <br /> rental for a term of not less than six months and legally permitted <br /> by all codes, shall not prevent eligibility for the exemption; and <br /> (G) In the case of a lease of Hawaiian homestead lands, where either a <br /> husband or wife is of non Hawaiian descent, either spouse shall be <br /> entitled to the home exemption in the same manner as if either <br /> spouse was considered the owner thereof,provided proof of <br /> marriage is submitted to the director of finance." <br /> 3 <br /> J <br />