HI SB382

Amends Hawaii's transient accommodations tax formula for time share units by increasing the tax base from one-half of gross daily maintenance fees to the full amount of those fees paid by owners.

Defines "fair market rental value" for time share taxation to include all gross daily maintenance fees (maintenance, operational, insurance, repair, administrative costs, taxes, resort fees, and reserve payments) while excluding optional services like food and beverages.

Addresses the lack of adjustment to the time share tax formula since 1998 by updating it to better reflect current economic and industry conditions and ensure fair tax assessment.

Takes effect on January 1, 2020.