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HomeMy WebLinkAboutREP FC 474 11/13/1991 REPORT OF THE COMMITTEE ON FINANCE Date: November 13, 1991 Re: 'Comm. 2907 Place: Councilroom Time: 10 : 00 a .m. Chairman and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill 496, reports as follows : The purpose of Bill 496 is to amend Chapter 19 , Article 7, relating to Real Property Tax Maps and Valuation, Hawaii County Code, by adding real property tax provisions which recognize tree farm property, as classified pursuant to Chapter 186 HRS, as an agricultural activity eligible for consideration for the agricultural use assessment and agricultural dedication. Communication No . 2907, dated October 1, 1991, from Council Chairman, transmits said Bill No. 496 and explains that presently forest areas are often cleared and converted to pasture use so land is eligible for preferential agricultural use assessment and agricultural dedication. Further, State statute currently allows lands to be classified as tree farm property if approved by the Board of Land and Natural Resources . On October 8, 1991, your Committee heard testimony from a representative of Hawaii Forest Industry Association who informed members said organization has compiled comprehensive legislation which addresses watershed and enhancement of forest management issues . Copies of proposed legislation was requested for discussion at future Finance Committee meetings . Your Committee voted to refer Bill 496 to the Administration for review and comment . At the November 13 , 1991 meeting, Committee members were informed that. the Real Property Tax office had not yet developed a plan to implement proposed provisions of Bill 496 . Members were informed that agricultural assessments are usually based on lease rental and as the tree farm is a new use, there are no comparables . Your Committee requested Administration have more definitive plans for implementing tree farm classification by the Council meeting November 20 , 1991 . Your Committee also agreed to make additional non-substantive amendments to Bill 496 . Such amendments include citing the entire Section 19-53 and 19-55 and using the term "tree farm" in a more grammatically acceptable position within those paragraphs is is added to . These non-substantive amendments have been incorporated in Bill 496 , Draft 2 . FC REPORT NO, 474 ADOPTED : DEC 10 1991 FC- 474 Page 2 November 13, 1991 Your Committee on Finance is in accord with the intent and purpose of Bill 496, Draft 2, and recommends that it pass first reading. --Z/ 6 ,r- r HELENE H. HALE, CHAIRWOMAN if Or e / 1 ROBERT H. MAKUAKANE, VICE CHR. BRIAN J. DE LIMA, M 43E• J . Q ,OW.1v TAKASHI DOMIiGO, MEMBai• MERL: K. LAI, MEM: R (Absent and Excused) HARRY S. RUDDLE, MEMBER SPENCER K. SCHUTTE, MEMBER POL