Title
BILL 142 (2025), ON THE HOME EXEMPTION AND LONG-TERM RENTAL EXEMPTION FROM REAL PROPERTY TAX (RPTR-7)
Description
The Committee is in receipt of Bill 142 (2025), entitled “A BILL FOR AN ORDINANCE AMENDING CHAPTER 3.48, MAUI COUNTY CODE, ON THE HOME EXEMPTION AND LONG-TERM RENTAL EXEMPTION FROM REAL PROPERTY TAX.” Bill 142’s purposes are to:
1) help taxpayers manage their Real Property Tax liability by adjusting the filing deadlines for the Home Exemption and the Long-Term Rental Exemption to allow claimants who file on or before December 31 or June 30 to receive their entitled exemption on their next tax payment; and
2) expand the qualifications for the Home Exemption to long-term County residents who have purchased real property for residential use after it had been used for transient accommodations in recent years.
Status
The Committee may consider whether to recommend passage of Bill 142 (2025) on first reading, with or without revisions. The Committee may also consider the filing of Bill 142 (2025) and other related action.