Maui Insite Banner
File #: CR 24-53    Version: 1
Type: Committee Report Status: Agenda Ready
File created: 5/31/2024 In control: Budget, Finance, and Economic Development Committee (2023-2025)
On agenda: 6/7/2024 Final action:
Title: Recommending FIRST READING of Bill 85 (2024) to amend Section 3.48.810, Maui County Code, effective August 1, 2024, to: 1) increase the circuit breaker tax credit maximum amount to $8,200; 2) increase the maximum household qualifying income limit to $126,000; and 3) adjust the schedule setting the amount of tax 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.
Attachments: 1. Committee Report 24-53
Related files: BFED-94 Bill 85 (2024)

Title

Recommending FIRST READING of Bill 85 (2024) to amend Section 3.48.810, Maui County Code, effective August 1, 2024, to:  1) increase the circuit breaker tax credit maximum amount to $8,200; 2) increase the maximum household qualifying income limit to $126,000; and 3) adjust the schedule setting the amount of tax 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.