STAND. COM. REP. NO.  1859-08

Honolulu, Hawaii

                , 2008

RE:   H.C.R. No. 362

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.C.R. No. 362, H.D. 1, entitled:

"HOUSE CONCURRENT RESOLUTION REQUESTING THE COUNTIES TO CONSIDER ESTABLISHING REAL PROPERTY TAX HARDSHIP EXEMPTIONS TO ASSIST RESIDENTIAL PROPERTY TAXPAYERS IN JEOPARDY OF LOSING THEIR PROPERTY DUE TO COSTS ASSOCIATED WITH RECOVERING FROM NATURAL OR MAN-MADE DISASTERS,"

begs leave to report as follows:

     The purpose of this concurrent resolution is to request the counties to consider establishing real property tax hardship exemptions to assist residential property taxpayers in jeopardy of losing their property due to costs associated with recovering from natural or man-made disasters.

     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. 362, H.D. 1, and recommends its adoption.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair