2024-04-24 Bill 121 Mark Pheatt OP

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To: WPCtestimon hawaiicount . o Subject: Urgent Need for Comprehensive Economic Impact Study on Bill 121 Chairman Dennis Lin Windward Planning Commission County of Hawai'i 25 Aupuni St. Hilo, HI 96720 Aloha Chairperson Lin, I am writing to express my concerns regarding Hawaii Bill 121 and to urge the Windward Planning Commission to return the bill to the County Council with a strong recommendation for a comprehensive, academically rigorous economic impact study. The vacation rental industry significantly contributes to the Big Island's economy, with an impact of over $1.1 billion. It is, therefore, inappropriate to add additional regulations, taxes, and significant monetary penalties to this vital industry without a thorough understanding of the potential consequences. Heather Kimball expressed openness to conducting such a study, stating, "I'm not opposed at all," at 8 hours, 12 minutes into the Leeward Planning Commission meeting. I think the hotel industry should not be exempt from these regulations. Furthermore, the complexity and potential impact of this bill necessitate more time for a detailed evaluation. It is imperative that the bill be re-examined with the inclusion of an economic impact study and reworked language to ensure its fairness and effectiveness and consistency with existing regulations. Additionally, I strongly recommend inviting a member of the Ohana Aina Association to participate in the question and answer sessions. Their industry perspective is crucial for a balanced understanding of the bill's implications. The absence of industry representation has contributed significantly to the public's concerns regarding this bill. By taking these steps, we can ensure that any additional regulations on the vacation rental industry are made with a comprehensive understanding of their economic impact and with input from all stakeholders. Mahalo, Mark Pheatt