HomeMy WebLinkAboutREP FC 027 2021/03/16 2020-2022 REPORT OF THE
COMMITTEE ON FINANCE
DATE: March 16, 2021 Re: Comm. No. 152/Bill No. 27
PLACE: Council Chambers
Hilo, Hawai`i
TIME: 9:03 a.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance,to which was referred Bill No. 27, reports as follows:
Bill No. 27, transmitted by Council Member Aaron Chung, via Communication No. 152 dated
March 1, 2021, amends Chapter 19, Article 7, Section 19-53, and repeals Chapter 19, Article 7,
Section 19-58.1 and Section 19-58.2 of the Hawai`i County Code 1983 (2016 Edition, as amended),
relating to the Nonspeculative Residential Use Real Property Tax Dedication.
The Nonspeculative Residential Use Tax Dedication program would be repealed effective July 1, 2021.
Council Member Chung provided a brief description of Bill 27,the Nonspeculative Residential Use
Program, and stated and that the bill came forward via recommendation from the Real Property Tax
Working Group. Real Property Tax Administrator Lisa Miura provided a brief background on the
Nonspeculative Residential Use Program. Also present to provide information was Keita Jo,Assistant
Real Property Tax Administrator.
Ms. Miura and Mr. Jo offered that in some cases this program has been beneficial but for others has
caused financial hardship. The 459 property owners who remain in the program would be notified by
mail, of which 330 properties are due to renew dedication into the program this year. Ms. Miura stated
those utilizing the program now who choose to leave the program could potentially be affected
negatively, especially if they just entered the program. The overall effect on the County would be a loss
in Real Property Tax Revenue of approximately $70,000.
Ms. Kimball, Mr. Kaneali'i-Kleinfelder, and Ms. Lee Loy briefly commented on the bill.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 27, and recommends its
passage on first reading.
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AYES NOES ABS EX Respectfully submitted,
CHUNG X
DAVID x COMMITTEE ON FINANCE
INABA X
KANEALI`I-KLEINFELDER X r _ a
KIERKIEWICZ X
KIMBALL x MATT KANEALI` r,INFELDER, CHAIR
LEE LOY X
RICHARDS X FC REPORT NO.: 27
2021
VILLEGAS X ADOPTED: AOR