BIL 104 Draft 07 2022-2024 - Laserfiche WebLink

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OF It STATE OF HAWAIJ BILL NO. 104 (DRAFT 7) ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 1, SECTION 19-2; CHAPTER 19, ARTICLE 7, SECTION 19-53; AND CHAPTER 19, ARTICLE 11, SECTION 19-90, OF THE HAWAI'I COUNTY CODE 1983 (2016 EDITION, AS AMENDED), RELATING TO THE CREATION OF A LONG-TERM RENTAL CLASS FOR REAL PROPERTY WNWIM BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAPI: SECTION 1. Purpose. The purpose of this ordinance is to provide a voluntary tax incentive to increase available housing stock in the rental market through the creation of a new long-term rental real property tax classification. SECTION 2. Chapter 19, article 1, section 19-2, of the Hawaii County Code 1983 (2016 Edition, as amended), is amended by adding a new definition of "long-term rental" to be appropriately inserted and to read as follows: ""Long-term rental" means property occupied under a signed lease for six consecutive months or more to the same tenant(s)." SECTION 3. Chapter 19, article 7, section 19-53, of the Hawaii County Code 1983 (2016 Edition, as amended), is amended by amending paragraph 19-53(e)(1) to read as follows: "(1) Except as otherwise provided in subsection (e)(2) of this section, land shall be classified, upon consideration of its highest and best use, into the following general classes: (A) Residential; (B) Affordable rental housing; (C) Apartment; (D) Hotel and resort; (E) Commercial; (F) Industrial; (G) Agricultural or native forests; (H) Conservation; [and] (1) Homeowner[-.], and Q Long-term rental."