HB 1774 Summary

• Amends Section 237D-6.5 of Hawaii Revised Statutes to restructure the allocation of transient accommodations tax revenues collected by the state.

• Increases allocation to tourism special fund from $79,000,000 to $82,000,000 and adds annual adjustment based on Consumer Price Index changes.

• Establishes new $3,000,000 allocation to special land and development fund for protection and maintenance of natural resources, beaches, facilities, and public lands benefiting the visitor industry.

• Redistributes excess revenues with 45% allocated to counties (Kauai 14.5%, Hawaii 18.6%, Honolulu 44.1%, Maui 22.8%) and 55% deposited to general fund.

• Effective July 1, 2020.