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HI SB2114
Bill
AI Summary
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Changes allocation of transient accommodations tax revenues to the Convention Center Enterprise Special Fund from a calendar year basis to a fiscal year basis.
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Allows unexpended and unencumbered funds in excess of any reserve remaining in the Convention Center Enterprise Special Fund at the end of the 2011-2012 fiscal year to be used for Hawaii Convention Center repair and maintenance projects, including rooftop terrace maintenance and painting.
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Received support from the Hawaii Tourism Authority and Department of Taxation.
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Committee on Tourism recommends passage and referral to the Committee on Finance.
Legislative Description
Transient Accommodations Tax; Convention Center Enterprise Special Fund
Last Action
(H) Passed Second Reading and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Herkes excused (1).
3/14/2012