HI HB1077

Increases the transient accommodations tax from 9.25 percent to 11 percent effective January 1, 2026, and raises the temporary rate from 10.25 percent to 12 percent for the period through December 31, 2030.

Allocates 7.3 percent of total transient accommodations tax revenue to the general fund for projects addressing climate change impacts, including mitigation, adaptation, and resiliency efforts.

Allocates 7.3 percent of total transient accommodations tax revenue to the general fund for projects advancing economic development and revitalization, including infrastructure improvements in tourism and resort districts and tourism marketing.

Funding may be used for consultant, personnel, and administrative costs required to develop and implement climate change and economic development projects.

Effective date is July 1, 3000 (appears to be a drafting error as the date is in the distant future).