Title
BILL 85 (2024), AMENDING SECTION 3.48.810, MAUI COUNTY CODE, RELATING TO THE CIRCUIT BREAKER TAX CREDIT (BFED-94)
Description
The Committee is in receipt of Bill 85 (2024), entitled “A BILL FOR AN ORDINANCE AMENDING SECTION 3.48.810, MAUI COUNTY CODE, RELATING TO THE CIRCUIT BREAKER TAX CREDIT.” Bill 85’s purpose is to amend Section 3.48.810, Maui County Code, effective August 1, 2024, to increase the maximum amount of the circuit breaker tax credit to $8,200, increase the maximum household income to qualify for the credit to $126,000, and adjust the schedule setting the amount of the credit received based on the homeowner’s gross building assessed value, which includes increasing the maximum value eligible to receive 100 percent of the credit to $1,000,000.
Status
The Committee may consider whether to recommend passage of Bill 85 (2024) on first reading, with or without revisions. The Committee may also consider the filing of Bill 85 (2024) and other related action.