Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.C.R. No. 105 entitled:

begs leave to report as follows:

The purpose of this concurrent resolution is to urge that each of the counties develop a fair arrangement whereby property taxes are frozen for homeowners on fixed incomes who demonstrate, through means prescribed by the counties, an inability to pay higher property taxes.

The Hawaii Association of Realtors supported the intent of this measure.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 105 and recommends its adoption.