HI SB534

Increases transient accommodations tax (TAT) rate beginning July 1, 2016, with the specific rate to be determined (blank in bill).

Reallocates TAT revenues to counties with revised percentages (specific percentages to be filled in) and requires each county to expend funds exclusively for marketing and promoting tourism within their respective county.

Requires counties to report annually to the legislature on their TAT expenditures.

Allocates 1 percent of TAT revenues (not to exceed $4,000,000) with $2,000,000 going to state parks special fund and excess amounts to special land and development fund for natural resource protection and facility maintenance.

Appropriates $400,000 for fiscal year 2015-2016 from beach restoration special fund as matching funds for environmental impact statement for Kapua beach nourishment project on Hawaii island, requiring dollar-for-dollar matches from county and private sources.