HI HB1450

Transfers administration of county transient accommodations taxes from counties to the State Department of Taxation, which will levy, assess, collect, and oversee the tax starting January 1, 2023.

Removes the existing 3% rate cap on county transient accommodations taxes, allowing counties to set their own rates through ordinance.

Requires the State to deduct an unspecified percentage from county tax revenues to cover assessment, collection, disposition, and oversight costs, with remaining balance distributed quarterly to counties.

Mandates county transient accommodations tax revenues be used to address visitor industry pressures on county services including police, fire, parks, emergency services, water systems, roads, and sewage systems.

Grants the Director of Taxation exclusive authority to determine which county receives tax revenue when a business operates in multiple counties, using apportionment or other means.