HI HB197

Amends Section 237D-6.5 of Hawaii Revised Statutes to change county allocation of transient accommodations tax from a fixed dollar amount ($103,000,000 for FY 2014-2015 and 2015-2016; $93,000,000 thereafter) to a percentage-based distribution of revenues collected.

County distribution percentages remain unchanged: Kauai county 14.5%, Hawaii county 18.6%, City and County of Honolulu 44.1%, and Maui county 22.8%.

Specifies that county revenues are designated to address visitor industry impacts on county services and tourism-related infrastructure.

Maintains existing provisions requiring counties to satisfy their annual required pension contributions through the separate trust fund established under section 87A-42, with the state director of finance retaining and depositing funds if counties fail to remit required contributions.

Becomes effective July 1, 2030.