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HI HB1554
Bill
Status
1/20/2016
Primary Sponsor
Joseph Souki
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AI Summary
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Allocates $82,000,000 to the tourism special fund with annual inflation adjustments based on the Honolulu consumer price index beginning July 1, 2016
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Maintains existing allocations of $26,500,000 to convention center enterprise special fund, $3,000,000 to special land and development fund, and $1,500,000 to Turtle Bay conservation easement special fund
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Allocates 45 percent of remaining transient accommodations tax revenues to counties after priority distributions, distributed as: Kauai 14.5%, Hawaii 18.6%, Honolulu 44.1%, and Maui 22.8%
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Allocates remaining revenues after all priority allocations to the state general fund
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Effective July 1, 2120
Legislative Description
State-County Functions Working Group; Transient Accommodations Tax; Allocation; Tourism Special Fund; Counties
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Fukumoto Chang, Jordan, Matsumoto, Onishi, Tupola, Ward voting aye with reservations; none voting no (0) and Representative(s) Har, Oshiro excused (2).
2/11/2016