HomeMy WebLinkAboutCOM 0753.004 2002-2004
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AARON S.Y. CHUNG Phone: (808) 961-8396
Cmmcilmember Fax: (808) 961-8912
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COUNTY COUNCIL
County ojHawai'i
Hawaii County Building
25 Aupuni Street
Hilo, Hawaii 96720
October 21, 2004
TO: Council Members
FROM: Aaron S.Y. Chung, ChVL---1
Committee on Finance
RE: Bill 320, Draft 4 relating to Home Exemptions
This is to transmit Bill No. 320, Draft 4, which was the result of the following amendments made at the Council meeting
of October 20, 2004:
1. Section 19-68(a)(3): Clarifies that deadline for filing a home exemption claim is on or before December 31 for
the first half payment or June 30 for the second half payment. This shortens the lag period for filing from 18
months to a maximum of one year.
2. Section 19-71(a): Removes the reference to owning and occupying a principal home as of the date of assessment
since the lag period comes into play.
3. Section 19-7 1 (a)(2)(A)-(F): Makes minor style changes.
4. Section 19-7 1 (a)(2)(B): Adds that the taxpayer must certify that he/she has not other home exemption in any
other jurisdiction.
5. Section 19-7 1 (a)(2)(C): Reinserts the requirement that the home must be acquired by the taxpayer by a recorded
deed.
6. Section 19-7 1 (a)(2)(E): Allows a home with a home occupation or commercial agriculture on the property or in
the home to qualify for a home exemption.
7. Section 19-7 1 (e)(1)(A): Deletes owner home abandonment as a criteria for principal home and replaces it with
the requirement that the taxpayer has no other home exemption or principal home in any other jurisdiction.
8. Section 19-7 1 (e)(2)(A): Changes the number of home occupancy days from 270 to 200-the definition of a legal
resident for income tax purposes.
9. Section 19-7 1 (e)(2)(C): Adds requirement that the owner must claim residency only in Hawaii.
10. Section 19-71(e)(2)(D)(iii): Makes minor style change.
11. Section 19-71(f): Added the underlined words "not to exceed an additional $80,000" for clarification.
Comm. No.
Hawaii County is an Equal Opportunity Provider and Employer Ref. To. Q1AAS _
Ref. Date DQ 2 2 2004
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