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HomeMy WebLinkAboutREP FC 124 2026-02-04 2024-2026DATE: February 4, 2026 PLACE: Council Chambers Hilo, Hawaii TIME: 9:00 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 REPORT OF THE COMMITTEE ON FINANCE Re: Comm. No. 713Bill No. 128 Your Committee on Finance, to which was referred Bill No. 128, reports as follows: Bill No. 128, transmitted by Council Members Jenn Kagiwada and James E. Hustace via Communication No. 713, dated January 16, 2026, amends Chapter 19, Article 6, Section 19-46.1, and Article 11, Section 19-90, of the Hawaii County Code 1983 (2016 Edition, as amended), relating to Real Property Taxes. This bill adds a new "Residential Tier Three" real property tax classification for certain properties with a net taxable real property value of more than $4,000,000. Real Property Tax Administrator Lisa Miura, Assistant Administrator Keita Jo, and Finance Director Diane Nakagawa were present. Committee Members Jenn Kagiwada and James Hustace provided background on this measure. Committee Member Rebecca Villegas expressed concerns about the Real Property Tax Division's workload and its ability to implement this new tax tier. Ms. Miura confirmed that this would not require any extra effort to implement and that implementing the proposed new tax classification would be easy. Committee Member Dennis "Fresh" Onishi asked for clarification on whether hotels and resorts are included in this tax class. Ms. Miura stated that true hotels and resorts are not included in this tax class, but residential areas within these hotel or resort areas are. Acting Committee Chair Holeka Goro Inaba expressed his concerns and could not support this measure at this time. Your Committee on Finance is in accord with the purpose and intent of Bill No. 128, and recommends its passage on first reading. Ikh AYES NOES ABS EX GALIMBA X HUSTACE X INABA X KAGIWADA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X KIMBALL X ONISHI X VILLEGAS X Respectfully submitted, COMMITTEE ON FINANCE MATT KAl EALI I-KLEINFELDER, CHAIR FC REPORT NO.: 124 ADOPTED: -1 g .26 RE cy.