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HomeMy WebLinkAboutREP FC 199 2014/09/30 (2012-2014)OFFICE INFORMATION ONLY Meeting: Council -October 15,2014 Action: Filed at first reading due to 1 aye (Wille), 7 noes, and f absent (Poindexter). Re: Bill ?96; Comm. 1047 (2012-2014 teen); FC -199 'not adopted) allot REPORT OF THE COMMITTEE ON FINANCE REGARDING: BILL NO. 294 (COMMUNICATION NO. 1047) 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 EXEMPTIONS FROM REAL PROPERTY TAX. EXPLANATION: Introduced by Council Member Margaret Wille on September 10, 2014, this legislation increases from $40,000 to $60,000 the property value subject to total exemption from real property taxes, and increases by the same amounts the exemption that can be applied to properties valued in excess of $60,000. AMENDMENTS: RECOMM. Sc For informational purposes, Council Member Ford voted "kanalua" then yes." Comm. No. Introducer None. Approved/Disapproved Your Committee on Finance is in accord with the purpose and intent of Bill No. 294 and recommends passage on first reading. Respectfully submitted, COMMITTEE ON FINANCE VALERIE T. POINDEXTER, CHAIR FC REPORT NQ. 199 ADOPTED: 0 C T 1-5 M4 AYES NOES ABS EX EOFF X FORD X ILAGAN X KANUHA X KERN X ONISHI X POINDEXTER X WILLE X YOSHIMOTO X Respectfully submitted, COMMITTEE ON FINANCE VALERIE T. POINDEXTER, CHAIR FC REPORT NQ. 199 ADOPTED: 0 C T 1-5 M4