Title
REAL PROPERTY TAX EXEMPTION FOR PROPERTIES IMPACTED BY NATURAL DISASTERS OR WILDFIRES (BFED-35)
Description
The Committee is in receipt of the following:
1. Bill 91 (2023), entitled "A BILL FOR AN ORDINANCE AMENDING CHAPTER 3.48, MAUI COUNTY CODE, ON A REAL PROPERTY TAX EXEMPTION FOR PROPERTIES DESTROYED OR DAMAGED BY NATURAL DISASTERS." Bill 91's purpose is to amend Chapter 3.48, Maui County Code, to conditionally exempt properties destroyed or damaged by natural disasters on or after August 8, 2023, from real property taxation for one year beginning July 1, 2024.
2. Bill 95 (2023), entitled "A BILL FOR AN ORDINANCE AMENDING CHAPTER 3.48, MAUI COUNTY CODE, RELATING TO THE AUGUST 2023 FIRES DISASTER EXEMPTION." Bill 95's purpose is to amend Chapter 3.48, Maui County Code, to exempt from real property taxation from July 1, 2023, through June 30, 2025, residential real property within the Lahaina tax map zone, known as zone four, sections five and six, and other residential real property following the submission to the director of finance of a copy of an insurance claim for damages sustained from the August 2023 Maui wildfires that rendered the property uninhabitable; to exempt real property classified as commercialized residential, TVR-STRH, and hotel and resort that house people displaced by the wildfires from real property taxation, based on the amount of months people are housed, from August 1, 2023, through July 1, 2025; and to allow taxpayers with a home exemption for property damaged or destroyed by the wildfires to maintain their exemption through June 30, 2025.
3. Bill 102 (2023), entitled "A BILL FOR AN ORDINANCE AMENDING CHAPTER 3.48, MAUI COUNTY CODE, TO ESTABLISH AN AUGUST 2023 MAUI WILDFIRES EXEMPTION FROM REAL PROPERTY TAXATION." Bill 102's purpose is to provide real property tax relief for those whose property was destroyed or damaged in the August 2023 Maui wildfires.
4. Correspondence dated October 25, 2023, from Committee Chair Yuki L...
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