HB 403 Summary

• Removes the cap on transient accommodations tax (TAT) revenues allocated to counties and replaces fixed dollar amounts with a percentage-based distribution of 44.8% of all TAT collected.

• Distributes the county share as follows: Kauai County 14.5%, Hawaii County 18.6%, City and County of Honolulu 44.1%, and Maui County 22.8%.

• Designates county TAT revenues for addressing visitor industry impacts on county services and tourism-related infrastructure needs.

• Maintains existing allocations of $26.5 million to the convention center enterprise special fund and $82 million to the tourism special fund.

• Takes effect on July 1, 2015.