HI HB1340

Removes the $71,000,000 annual cap on deposits into the Tourism Special Fund from Transient Accommodations Tax revenues, effective July 1, 2020.

Maintains the requirement that $2,000,000 per fiscal year be expended from the tourism special fund for visa programs and international visitor initiatives during the July 1, 2012 to June 30, 2015 period.

Keeps all other transient accommodations tax distribution provisions unchanged, including allocations to the convention center enterprise fund (17.3%), state parks and trail programs (0.5% of tourism fund), and county distributions (44.8%).

Continues the $93,000,000 annual cap on county distributions through June 30, 2015.