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<br /> <br /> <br /> <br /> AARON S.Y. CHUNG ~y!tv w Phone: (808) 961-8396 <br /> Councilmember Fax: (808) 961-8912 <br /> fl',fl HP i Pn 4 2 2 <br /> <br /> <br /> <br /> COUNTY COUNCIL <br /> County ofHawai'i <br /> Hawaii County Building <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> <br /> <br /> <br /> September 2, 2004 <br /> <br /> <br /> TO: James Y. Arakaki <br /> Chair <br /> <br /> FROM: Aaron S.Y. Chung, Chair -J~ <br /> Committee on Finance <br /> <br /> RE: New Bill Combining Bill No. 174, Draft 2 and Bill No. 177 <br /> Relating to Home Exemption and Definition of Principal Home <br /> <br /> As discussed at the Finance Committee's meeting on August 31,2004, the attached new bill is <br /> transmitted for your consideration. The new bill combines the amendments proposed in Bill <br /> No. 174, Draft 2 (increasing home exemption to 20% not to exceed $80,000) and Bill No. 177 <br /> (improving definition of "principal home"). <br /> <br /> Introduction of the new bill should minimize confusion and drafting errors caused by two bills <br /> attempting to amend the same section 19-71. <br /> <br /> In addition to amendments shown in the two bills, the word "and" is being deleted in section 19- <br /> 7 1 (a)(2)(D): <br /> <br /> (D) That a husband and a wife shall not be permitted exemption of separate homes <br /> owned by each of them, unless they are living separate and apart, in which case <br /> they shall be entitled to one exemption, to be apportioned equally between each of <br /> their respective homes; [etid] <br /> <br /> Please waive this bill out of the Finance Committee in order for it to be heard simultaneously <br /> with Bill Nos. 174 and 177. <br /> <br /> Att. <br /> a ~ 3a.o 7 <br /> <br /> Comm. No. <br /> Hawai'i County is an Equal Opportunity Provider and Employer Ref. To: <br /> Ref. Date <br />