HomeMy WebLinkAboutREP FC 239 12/03/1986 1984-1988 1111
REPORT OF THE
COMMITTEE ON FINANCE
•
Date: November 24, 1986 Re: Comm. 819
Place: Councilroom
Time: 10 :30 a.m.
Chairman and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill 269, reports as
follows :
Bill 269 proposes to amend Ordinance 86-63, the Operating Budget for
Fiscal Year 1986-87, by increasing the General Fund Fund Balance from
Previous Year by 1311, 927 .57 and appropriating same to the Disaster
Real Property Claims .
The purpose of Bill 269 is to reimburse 64 claimants, certified by
the Natural Disaster Claim Commission, as being entitled to tax
relief due to prolonged drought periods from 1983 through 1985.
The actual amount of relief allowable, based upon taxes paid, amount
to 11 .1 million; however, the County and State have not agreed as to
which governmental agency is responsible under Chapter 234, HRS, to
refund taxes to certified claimants of the 1983-85 drought.
The State has refunded 344, 533.01 in excise taxes to the claimants
and has referred the claimants to the County for the remainder . The
County has determined the initial real property tax refund available
to be 1311,927 .57 . Claimants are also entitled to two additional
years of tax credits .
It should be noted that Corporation Counsel has issued an opinion
that all tax relief is the responsibility of the State.
Your Committee on Finance is in accord with the intent and purpose of
Bill 269 and recommend that itioga.ps first reading.
FRANK DE LUZ III,. CHAIRMAN
•
r, 'RA E R. HAKU-INOU:`E, V.C. L. K. DAH :E , MEMBER
1ig
, /' 1;J ,
TAKASHID, MIN O,z' f' RUSSELL S. KOK. BUN, MEMBER
L 4e1
MER K. LAI, M S'ENCER K. SCHUTTE, MEMBER
/HAT FC REPORT NO, 239
ADOPTED: DEC 3 1986