Title
BILL 170 (2025), ESTABLISHING A NEW CIRCUIT BREAKER TAX CREDIT CATEGORY (RPTR-13)
Description
The Committee is in receipt of Bill 170 (2025), entitled “A BILL FOR AN ORDINANCE AMENDING SECTION 3.48.810, MAUI COUNTY CODE, ESTABLISHING A NEW CIRCUIT BREAKER TAX CREDIT CATEGORY.” Bill 170’s purpose is to establish a new tax credit for qualified homeowners, not to exceed $10,000, equal to the amount by which the Real Property Taxes calculated for the homeowner’s property for the prior tax year exceeds two percent of household income, or the minimum tax as established in the annual budget ordinance, whichever is greater, subject to certain conditions.
Status
The Committee may consider whether to recommend passage of Bill 170 (2025) on first reading, with or without revisions. The Committee may also consider the filing of Bill 170 (2025) and other related action.