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HomeMy WebLinkAboutREP FC 046 2025-05-06 2024-2026 REPORT OF THE COMMITTEE ON FINANCE DATE: May 6, 2025 Re: Comm.No. 232/Bill No. 44 PLACE: Council Chambers Kailua-Kona, Hawai`i TIME: 1:00 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 44,reports as follows: Bill No. 44,transmitted by Council Member Holeka Goro Inaba and Council Member James Hustace via Communication No. 232, dated March 31, 2025, amends Chapter 19, Article 10, Section 19-89, of the Hawai`i County Code 1983 (2016 Edition, as amended), relating to exemptions for certain Hawaiian Homes property, and other agencies. This bill exempts the value of buildings on Hawaiian Home Lands homesteads from property taxes and repeals references to outdated State law. Committee Members Holeka Goro Inaba and James Hustace provided background on this measure. Both spoke in support of it. Mr. Inaba stated that if this bill were approved,the County's financial impact would be a$1.4 million reduction. Real Property Tax Administrator Lisa Miura and Assistant Administrator Keita Jo were in attendance. Ms. Miura stated that they have reviewed this matter and find it fair and in line with other counties. Committee Members commented in support of this measure. Committee Members Heather Kimball and Jenn Kagiwada raised concerns about the financial impact and how this will impact our budget, but they both feel this is fair and support it. Your Committee on Finance is in accord with the purpose and intent of Bill No. 44, and recommends its passage on first reading. lkh AYES NOES ABS EX Respectfully submitted, GALIMBA X HUSTACE x COMMITTEE ON FINANCE INABA X KAGIWADA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X MATT KA ° _ -KLEINFELDER, KIMBALL x CHAIR ONISHI X FC REPORT NO.: 46 VILLEGAS X ADOPTED: MAY 2 1 2025