HI HB1900

Establishes a 7.25 percent transient accommodations tax on destination club membership plan managers based on fair market rental value of destination club units.

Requires destination club membership plan managers to register with the Department of Taxation and pay a one-time $15 registration fee for each plan operating within the State.

Mandates destination club membership plan managers keep records of gross rental or fair market rental value for three years and submit annual returns to the State tax assessor.

Defines "destination club membership plan" as a non-chapter 514E registered plan where members pay annual dues for rights to use destination club units in multiple locations with no ownership interest.

Takes effect July 1, 2030, except sections relating to definitions and tax rates which take effect retroactively to January 1, 2014.