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HI HB1257
Bill
Status
1/29/2015
Primary Sponsor
Tom Brower
Click for details
AI Summary
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Changes the statutory reference in section 171-19(a) from "237D-6.5(b)(2)" to "237D-6.5(b)(5)" for transient accommodations tax revenues deposited into the special land and development fund.
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Adds language clarifying that transient accommodations tax revenues allocated to the special land and development fund shall be expended as provided in section 237D-6.5(b)(5).
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Revises section 237D-6.5(b)(5) to allocate $3,000,000 annually to the special land and development fund instead of the general fund, with expenditures subject to mutual agreement between the Board of Land and Natural Resources and Hawaii Tourism Authority.
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Specifies that the $3,000,000 allocation shall be used for protection and preservation of natural resources important to the visitor industry, planning and construction of facilities, and operation and maintenance of public lands that enhance visitor experience.
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Takes effect July 1, 2020.
Legislative Description
Transient Accommodations Tax; Special Land and Development Fund
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on WAL with none voting aye with reservations; none voting no (0) and Representative(s) Har, Matsumoto excused (2).
2/9/2015