What Is New for NUCs?
NUC News & Updates
New Certification Currently Underway
9/23/22 – Certification for the period 9/30/22 – 9/30/24 is currently underway. The current certification expires on 9/30/22.
If you have not received your certification information, please contact Lester Hirano, DPP at (808) 768-8110 or [email protected].
————————————————-
10/23/22 – Ordinance 22-7 (Bill 41) is effective:
- It requires NUCs to comply with specific rules. FOK has prepared this easy-to-use checklist to assist in compliance:
- Following the current 2-year certificate renewal for the period 9/22 – 9/24, NUCs will switch to annual certificate renewal at $500/year (Beginning in 9/24).
- Many NUCs are also legal as TVUs. It is recommended that Owners continue to renew their NUC certifications for the following distinct benefits:
- NUCs will continue to “run with the land” whereas new owners of other legal TVUs must re-register.
- NUCs have less requirements per Ord 22-7 and do not have to register as a TVU
9/23/22 – Bill 4 Property Tax Classification
Currently, NUCs are classified with their underlying zoning. Bill 4 will group NUCs in with TVUs. Bill 4 includes a separate TVU category with two tiers. The Bill is currently on hold with the Budget Committee awaiting budget balancing. We expect it to be voted on before year-end. Please see more information under the Bill Status page. FOK is fighting for fair tax treatment for TVUs and NUCs.