HI HB809

Increases the transient accommodations tax on resort time share vacation units from 7.25% to 9.25% (adding a temporary 2.00% surcharge) effective July 1, 2011 through June 30, 2015.

Aligns the tax rate on resort time share vacation units with the standard transient accommodation tax rate applied to other transient accommodation units.

Directs all revenues collected from the additional 2.00% tax on time share units to be deposited into the state general fund rather than distributed under the existing revenue allocation formula.

Sunsets the increased tax rate and returns to the original 7.25% rate on July 1, 2015, restoring the prior statutory framework.

Maintains the existing definition of "fair market rental value" for resort time share vacation units without modification.