HI HB1327

Amends Hawaii's general excise tax code to allow taxpayers providing transient accommodations on leased real property to claim a deduction from gross proceeds or gross income.

Permits the deduction for transient accommodations furnished on real property leased from a "related entity," regardless of whether the arrangement is in writing.

Defines "transient accommodations" by reference to section 237D-1 and "related entity" by reference to section 237-23.5.

Allows the transient accommodations deduction to be claimed without compliance with allocation requirements normally required under subsections (c) and (d) of the lease tax statute.

Takes effect on July 1, 2020.