HI HB1077

Increases the transient accommodations tax (TAT) from 9.25% to 11% beginning January 1, 2026, for regular transient accommodations and resort time share vacation units

Raises the additional TAT rate for the mass transit special fund from 10.25% to 12% for the period January 1, 2026, through December 31, 2030

Allocates 7.3% of total TAT revenue to the general fund for climate change projects, including mitigation, adaptation, and resiliency efforts

Allocates an additional 7.3% of total TAT revenue to the general fund for economic development and revitalization projects, including infrastructure improvements in tourism/resort districts and tourism marketing

Effective date set for July 1, 3000 (placeholder date indicating the bill requires further amendment before implementation)