COM 0118.034 2002-2004 - Laserfiche WebLink

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rr o• Harry Kim c~ •W ~ William Takaba Mayor ; K• Director Nancy E. Crawford Depury Director •••A•O:•N'~ County of Hawaii r-- Finance Department - 25 Aupuni Street, Room I l8 • Hilo, Hawaii 96720 (808)961-8234 Pax (808)961-8248 October 7, 2004 ~ Honorable Aaron S.Y. Chung, Chairman ° Committee on Finance Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 Re: Bill No. 49, Draft 3 We understand that Bill No. 49, Draft 3, relating to real property tax definitions; non-dedicated agricultural use assessment and agricultural use dedication, will be amended at the next Finance Committee meeting. We hereby request that Bi1149, Draft 3 be further amended to consider the following: 1. Section 19-2, Definitions, page 1, add the following "Agricultural use value" definition. "Agriculture use value" means the value for assessment purposes determined by the director for lands beingput to any agricultural use. 2. Section 19-2, Definitions, page 1, add and explain farm operation in the "Commercial agricultural activities" definition to read: "Commercial agricultural activities" shall mean the use ofproperty to generate income. monetarygain or economic benefit in the form of money or money's worth of a minimum $2, 000 annual gross income per farm operation which may include multiple parcels that need not be contiguous and/or the use of property that adheres to generally accepted standards or reco n~practices within that agricultural industry. 3. Section 19-53(e)(2)(A)(i), page 5, replace the existing section with the following: "Real property which is valued according to its nondedicated agricultural use pursuant to subsection °1 °~r] 19-57." 4. Section 19-57(a), page 13, replace the existing section 19-57(a) with the following: p Comm. No. ~ 8 • •7 Ref. To: Hawaii County is an equal opportunity provider and employer. Ref. Date