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Video by David Corrigan, recorded on June 2, 2016.

VIDEO: Hawaii Credit Unions Fight Tax Exemption Repeal
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by Big Island Video News
on Jun 10, 2016 at 3:02 pm

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STORY SUMMARY

HILO (BIVN) - A Hawaii County Council bill that would have deleted a tax break for credit unions was dropped following heavy opposition.

HILO, Hawaii – Hawaii County Councilwoman Margaret Wille withdrew her proposal to repeal a section in the Hawaii County Code that allows a real property tax exemption for island credit unions. Several credit unions employees and association members testified against Bill 212 on June 2 during a Council Finance Committee meeting in Hilo.

Wille, who identified the exemption during her work on the county’s Real Property Tax Task Force a few years ago, said she saw pros and cons in repealing the tax break and brought the idea to the council for discussion.

Many councilmembers expressed deep appreciation for the local credit unions, and indicated they would not be supporting Bill 212.


Filed Under: Uncategorized Tagged With: Aaron Chung, Danny Paleka, Dennis Onishi, Greggor Ilagan, Hawaii Credit Union, Maile David, Margaret Wille, Valerie Poindexter

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