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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: October 17, 2006 Re: Comm. No. 1096Bi11 No. 341 <br /> <br /> PLACE: Council Chambers <br /> TIME: 9:00 a.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Bill No. 341, reports as follows: <br /> Bill No. 341, transmitted by Director of Finance William Takaba, via Communication No. 1096, <br /> dated September 12, 2006, amends Chapter 19, Hawaii County Code 1983 (2005 Edition), Real <br /> Property Taxes, relating to home exemptions. <br /> The purpose of this measure is to assist in alleviating the shortage of available rental units. <br /> Currently, if a portion of a home is used for rental purposes, the property is automatically <br /> disqualified from the benefit of remaining in the homeowner's class and retaining their <br /> homeowner's exemption. <br /> Your Committee heard testimony in favor of this measure. <br /> William Takaba, Director of Finance, explained to receive the full benefit of this measure the <br /> portion of the home that is being rented needs to be attached to its property <br /> During discussion, Your Committee requested that a representative from the Planning <br /> Department be present at the next Council meeting to discuss zoning questions. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 341 and <br /> recommends it pass first reading. <br /> smc <br /> Ares rvoes A&E ex Respectfully submitted, <br /> ARAKAKI X <br /> RIGA x COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> HOLSCHUH X 1 , <br /> IKEDA X U <br /> ISBELL X <br /> JACOBSON x VIRG IA ISBELL, CHAIR <br /> PILAGO X FC REPORT ~l~t~,_ 344 _ _ <br /> SAFARIK X ADOPTED: ~J 3 ~ ~~~b <br /> <br />