HI SB1297

Establishes maximum dollar amounts for distributions from cigarette tax revenues to special funds (trauma system, community health centers, and emergency medical services) effective July 1, 2015.

Reduces trauma system special fund allocation from 1.5 cents per cigarette (unlimited) to 1.125 cents per cigarette with a cap of $7,400,000 per fiscal year.

Caps community health centers special fund at $8,800,000 per fiscal year and emergency medical services special fund at $8,800,000 per fiscal year.

Requires excess moneys in the trauma system special fund exceeding $7,400,000 on June 30 of each fiscal year to be transferred to the general fund.

Maintains Hawaii cancer research special fund at 2.0 cents per cigarette without a dollar cap and directs remaining cigarette tax revenues into the general fund to improve revenue forecasting and increase legislative oversight of non-general fund agencies.