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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: May 6, 2025 Re: Comm.No. 232/Bill No. 44 <br /> PLACE: Council Chambers <br /> Kailua-Kona, Hawai`i <br /> TIME: 1:00 p.m. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Hilo, Hawai`i 96720 <br /> Your Committee on Finance, to which was referred Bill No. 44,reports as follows: <br /> Bill No. 44,transmitted by Council Member Holeka Goro Inaba and Council Member James <br /> Hustace via Communication No. 232, dated March 31, 2025, amends Chapter 19, Article 10, <br /> Section 19-89, of the Hawai`i County Code 1983 (2016 Edition, as amended), relating to <br /> exemptions for certain Hawaiian Homes property, and other agencies. <br /> This bill exempts the value of buildings on Hawaiian Home Lands homesteads from property taxes <br /> and repeals references to outdated State law. <br /> Committee Members Holeka Goro Inaba and James Hustace provided background on this measure. Both <br /> spoke in support of it. Mr. Inaba stated that if this bill were approved,the County's financial impact <br /> would be a$1.4 million reduction. <br /> Real Property Tax Administrator Lisa Miura and Assistant Administrator Keita Jo were in attendance. <br /> Ms. Miura stated that they have reviewed this matter and find it fair and in line with other counties. <br /> Committee Members commented in support of this measure. <br /> Committee Members Heather Kimball and Jenn Kagiwada raised concerns about the financial impact <br /> and how this will impact our budget, but they both feel this is fair and support it. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 44, and recommends its <br /> passage on first reading. <br /> lkh <br /> AYES NOES ABS EX Respectfully submitted, <br /> GALIMBA X <br /> HUSTACE x COMMITTEE ON FINANCE <br /> INABA X <br /> KAGIWADA X <br /> KANEALI`I-KLEINFELDER X <br /> KIERKIEWICZ X MATT KA ° _ -KLEINFELDER, <br /> KIMBALL x CHAIR <br /> ONISHI X FC REPORT NO.: 46 <br /> VILLEGAS X ADOPTED: MAY 2 1 2025 <br />