HI HB820

Establishes a new 25% transient accommodations tax on gross rental proceeds from transient vacation units rented for less than thirty days

Defines "transient vacation unit" as a dwelling unit or lodging unit advertised or offered for compensation to transient occupants, excluding bed and breakfast homes

Defines "bed and breakfast home" as a detached dwelling unit where the owner, lessee, operator, or proprietor resides and provides overnight accommodations for compensation

Specifies that "dwelling unit" contains a single kitchen and "lodging unit" contains no kitchen, neither including resort time share vacation units

Effective date set for June 30, 3000