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HomeMy WebLinkAboutREP FC 300 08/31/2004 2002-2004REPORT OF THE COMMITTEE ON FINANCE DA~fI?: August 31.2004 Re: Comm. No. 398/E3ill No. 177 PI.ACI?: Council Chambers "DIME: 10:05 a.m. Crnmcil Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Conumittce on Finance, to which was referred Bill No. 177, reports as follows: Bill No. 177. U'ansmitted by Director of Finance William Takaba, via Communication No. 398, dated Octoher 10. 2003, amends C hapter 19, I Iawai'i County Code 1983 (1995 Edition), Real Property Taxes, relating to home exemptions. 1'he purpose of this measure is to improve the definition of real property owned and occupied as a principal home as defined in subsectirn~ 19-71(e). The proposal has three elements necessary for real propertq to he considered a principal home and some of the documentation dial the director of finance may- require as evidence of the owner's intent to create or maintain a principal home. Originall~~ heard on November 4.2003, this measure was deterred. At subsequent Finance Committee workshops held on November 3 & 17, 2003, Director of Finance William ~fakaba explained that the definition now for "principal home" is a place where an individual has a truo_ tixcd, permanent home and principal establishment and to which place the individual has, rahencvcr absent the intention of returning. It is the place in which an individual has voluntarily fixed hahitation, not for mere special, teimporary, or vacation purpose, but with the intention of making a permanent home. This proposal will spell out what the administration will look for in a principal home, and also ~tihat it takes Io quality for a principal home. Your Committee recommends Bill No. 177 he filed and the amendments be included with Bill No. 174 as a new bill. It was pointed out that both bills amend section 19-71 of the Hawaii County Codc and should he comhincd to avoid confusion. Your Committee on Finance is not in accord with the purpose and intent of Bill No. 177 and recommends it be tiled. smc n~ Es Hors nor: n~rs CHl`NG X SAFARIK X ARAI<AKI X ELARIONOFF X HOLSCHUH X .IACOBSON X REYNOLDS X TULANG X TYLER X Respectfully submitted C~~Op^MM 'EE ON FINANCE, ~V nARON S.Y. CH[ G, CHAIR PC RfiPOR"f NU. ~i n~opTE~: OCT~