HI SB359

Repeals the distribution of transient accommodations tax (TAT) revenues to counties, eliminating the 44.8% allocation that was previously divided among the four counties.

Authorizes counties to adopt ordinances imposing a 1% surcharge on state general excise tax (gross proceeds and gross income) or use tax as an alternative revenue source.

Maintains existing 0.5% county surcharge authority under section 46-16.8, while creating a new authorization under section 46 for the higher 1% surcharge rate.

Requires counties electing to impose the new surcharge to notify the director of taxation within ten days of ordinance adoption, with the director administering collection and distribution.

Extends the sunset date for county surcharge provisions from December 31, 2022 to allow counties that adopted surcharges by that deadline to continue the surcharges beyond the original expiration date.