BIL 292 Draft 02 2012-2014 - Laserfiche WebLink

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COUNTY OF HAWAII STATE OF HAWAII BILL NO. 292 DRAFT 2 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 10, SECTION 19 -71 OF THE HAWAII COUNTY CODE 1983 (2005 EDITION, AS AMENDED), RELATING TO ELIGIBILITY TO CLAIM PROPERTY AS A PRINCIPAL HOME. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. The purpose of this ordinance is to ensure that the person seeking the tax exemption is a full time resident of the County of Hawaii. This ordinance requires that the person applying for a tax exemption from the real property tax rate on a person's "principal home" have filed a Hawaii state income tax return as a year round resident. In order to afford a reasonable period to transition to the new eligibility criteria for a home exemption and to allow for outreach to educate the public, this amendment will not take effect until December 31, 2015. SECTION 2. Chapter 19, article 10, section 19 -71 of the Hawaii County Code 1983 (2005 Edition, as amended), is amended to read as follows: "Section 19 -71. Homes. (a) Real property owned and occupied as a principal home shall be exempt to the following extent from property taxes: (1) Totally exempt where the value of the property is not in excess of $40,000; (2) Where the value of the property is in excess of $40,000, the exemption shall be the amount of $40,000. Provided that: (A) No such exemption shall be allowed to any corporation, co- partnership, or company; (B) The exemption shall not be allowed on more than one home for any one taxpayer and that such taxpayer shall certify under penalty of perjury that such taxpayer has no other home exemption in any other jurisdiction; (C) The taxpayer has acquired said home by a recorded deed;