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438 East 200 South,Third Floor <br /> GL�BAL, C PAS Salt Lake City, UT 84111 <br /> CONSULTING Phone: 801.355.0105 <br /> BUSINESS SOLUTIONS, LLC ADVISING Fax: 801.532.2198 <br /> A NEXT GENERATION ACCOUNTING FIRM www.gbscpa.net <br /> April 4, 2024 <br /> Dear Chairperson Lin and Members of the Commission, <br /> We are Teri and Rick Price, experienced accountants, and we write concerning the financial implications <br /> of Bill 121 on hosted rentals. Our particular concern is the proposed quiet hours and the financial fallout <br /> they could precipitate for small business operators like us who host guests in our homes. The issue at <br /> hand is that strict enforcement of quiet hours could lead to a disproportionate number of fines or even <br /> temporary shutdowns of hosted rentals. <br /> Such punitive measures could significantly disrupt the expected income for homeowners,many of whom <br /> depend on this supplemental revenue to maintain financial stability. The loss of income not only affects <br /> individual households but could also ripple through our local economy,reducing discretionary spending <br /> and affecting community businesses. <br /> To mitigate this, we recommend a more balanced approach that safeguards neighborhood tranquility <br /> while also protecting the financial integrity of hosted rental operations. The focus should be on objective <br /> noise level assessments rather than subjective interpretations of "disturbance," thereby preventing <br /> unnecessary economic consequences for compliant homeowners. A financially healthy hosted rental <br /> sector is crucial for the broader economic wellbeing of our island,and we believe that a fair and balanced <br /> approach to regulation will best serve the interests of all parties involved. <br /> Thank you for considering the economic realities facing our community's homeowners and for striving <br /> to enact legislation that supports, rather than hinders, our collective prosperity. <br /> Mahalo, <br /> rP.vv F.r 2 iCk Pr1 CPi <br /> GU L C CONSULTING <br /> ":" Yn.SLA i ';4 ':­ A17VISINO <br /> A k1kI�Ikd&AS da—Lk-LWO—1.W <br /> Voice: (801) 355.0105 <br /> Fax: (801) 532.2198 <br />