HomeMy WebLinkAboutREP FC 616 10/05/1992 • REPORT OF THE
COMMITTEE ON FINANCE
Date: October 5, 1992 Comm. 4122
Place: Councilroom
Time: 9 : 00 a .m.
Your Committee on Finance, to which was referred Bill No. 660,
Draft 2, reports as follows :
The purpose of Bill No. 660, Draft 2, is to amend Chapter 19 ,
Article 10, Section 19-89 of the Hawaii County Code 1983 , relating to
property tax exemption to certain Hawaiian Home Lands .
Your Committee deemed that due to specific restrictions placed on
homestead leases by the Hawaiian Homes Commission Act, it should
consider to assess and tax homestead lands differently.
Pursuant to Section 208 (6) of the Hawaiian Homes Commission Act
conditions of lease, notwithstanding the provision of paragraph (5) ,
the lessee, with the consent and approval of the Commission, may
mortgage or pledge the lessee ' s interest in the tract or improvements
thereon to a recognized lending institution authorized to do business
as a lending institution in either the State or elsewhere in the
U. S. , provided the loan secured by a mortgage on the lessee' s
leasehold interest is secured or guaranteed by the Federal Housing
Administration, Veteran Administration, or any other federal agency
and their respective successors and assigns, which are authorized to
insure or guarantee such loans .
Section 208 (7) states that the lessee shall pay all taxes assessed
upon the tract and improvement thereon. The department may pay such
taxes and have a lien therefore as provided.
It is the Committee ' s understanding that only real property,
exclusive of buildings, leased and used as a homestead (houselots,
farm lots, and pastoral lots) , by a qualified native Hawaiian lessee,
pursuant to Section 207 of the Hawaiian Homes Commission Act, 1920,
shall be exempt from real property taxes, provided that no delinquent
taxes are owed to the County by the respective lessee as of the
effective date of the exemption granted by this section.
FC REPORT No, 2 116 9`Z
BOA �`1
ADOPTED:
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FC-616 Page 2 October 5, 1992
It is further understood that the respective lessee of Hawaiian
Homestead Lands shall continue to qualify and receive other personal
exemptions, provided that claims for the exemptions are timely filed,
including the seven-year limitation on the exemption afforded by
Section 205 of the Hawaiian Homes Commission Act, 1920 .
The Committee on Finance recommends that Bill No . 679 pass first
reading (See FC Report No . 620) .
The Committee of Finance recommends to close the file on Bill
' No. 660, Draft 2 .
Respectfully submitted,
COMMITTEE ON FINANCE AYES NOES
ALONZO ! X
AVEW P ARAKAKI X
Y. A' . AKI , CHAIRMAN
DE LIMA X
DOMINGO X
A/DI LAI X
MAKUAKANE X
RUDDLE X
FC REPORT NO. 616
ADOPTED: