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HomeMy WebLinkAboutREP FC 197 2014/09/30 (2012-2014) REPORT OF THE COMMITTEE ON FINANCE REGARDING: BILL NO. 292 (COMMUNICATION NO. 1045) DATE: SEPTEMBER 30, 2014 LOCATION: HILO COUNCIL CHAMBERS, HILO, HAWAII TITLE: AN ORDINANCE AMENDING CHAPTER 19, ARTICLE 10, SECTION 19-71 OF THE HAWAII COUNTY CODE 1983 (2005 EDITION, AS AMENDED), RELATING TO ELIGIBILITY TO CLAIM PROPERTY AS A PRINCIPAL HOME. EXPLANATION: Introduced by Council Member Margaret Wille on September 10, 2014, this legislation requires that a person applying for an exemption from the real property tax rate on a principal home file a Hawai`i State Income Tax Return as a full-year resident for each fiscal year that the exemption is sought. AMENDMENTS: Comm. No. Introducer Approved/Disapproved None. RECOMM.: Your Committee on Finance is in accord with the purpose and intent of Bill No. 292, and recommends passage on first reading. sc AYES NOES ABS EX Respectfully submitted, EOFF X FORD X COMMITTEE ON FINANCE ILAGAN X KANUHA X KERN X ONISHI X � • POINDEXTER X VALERIE T. POINDEXTER, CHAIR WILLE X FC REPORT NO. 197 YOSHIMOTO X ADOPTED: OCT 1 5 2014