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Recommending the following:
1. FIRST READING of bill to amend Chapter 3.48, Maui County Code, to add a "Long-term rental" real property classification; and
2. FIRST READING of bill to amend Chapter 3.48.305, Maui County Code, to 1) improve tax rate classification parity between condominium/planned development real property and non-condominium real property; 2) improve tax relief program parity; 3) create an incentive for owners to convert vacant residential real property into long-term rentals; 4) improve real property tax parity between real property with similar permitted uses; 5) improve revenue stability; and 6) improve real property tax parity between condominium and non-condominium vacant land zoned agricultural.
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