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BILL 29, Draft 2 <br /> <br /> AN ®RDINANCE AMENDING CHAPTER 19, ®F THE HAWAII COUNTY C®DE <br /> 1.983 (19'95 ~t~ITI®N), RELATING T® REAL PR®PERTY TAXES <br /> E3Y <br /> ELANE Y®KOTA <br /> CORPORATE COUNSEL <br /> FOR <br /> VERIZ®N HAWAII <br /> APRIL 4, 2001 <br /> Good morning Chair Arakaki and Members of the Hawaii County Council. I am <br /> Blane Yokota, Corporate Counsel testifying on behalf of Verizon Hawaii <br /> ("Verizon). Thank you for the opportunity to testify regarding Bill No. 29, Draft 2 <br /> "AN ORDINANCE AMENDING CHAPTER 19, OF THE HAWAII COUNTY CODE <br /> 1983 (1995 EDITION), RELATING TO REAL PROPERTY TAXES." It is a <br /> distinct privilege to testify in support of Bill No. 29, Draft 2 which provides for the <br /> automatic reinstatement of a real property tax exemption for utilities once the <br /> state legislature passes and the governor signs into law the remedial legislation <br /> which will effect a sharing of the Public Service Company Tax revenues collected <br /> under HRS Section 239-5(a) and finally settle the long standing dispute between <br /> the State and the Counties regarding real property taxation. Verizon appreciates <br /> the time and effort devoted by Hawaii County and this council to negotiating the <br /> final settlement reached by the parties. <br /> Thank you again for the opportunity to provide testimony on this matter. <br /> Comm. Na / ~ . Z"' <br /> File No.~„~...~., .x, <br /> x~3!$ cov,u~. <br /> Fief. lo:~ <br /> ~ .APR 3 2 . <br /> <br />