HI HB971

Increases the transient accommodations tax rate from 9.25% to 11.25% effective July 1, 2013, and makes this rate permanent by eliminating the previous sunset date of June 30, 2015.

Repeals the additional 1-2% transient accommodations tax that was scheduled to expire on June 30, 2015, consolidating all taxes into the single 11.25% rate.

Modifies revenue distribution percentages: Convention center special fund receives 11.1% (down from 17.3%), tourism special fund receives 22.0% (down from 34.2%), and counties receive 28.9% (down from 44.8%).

Eliminates the June 30, 2015 expiration date for county revenue distributions, capping total county transfers at $93 million per fiscal year beginning July 1, 2011.

Removes provisions for complimentary accommodations tax and repeals temporary provisions in Acts 61 and 103 of the 2009 and 2011 legislative sessions.