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HI HB604
Bill
Status
Introduced
1/21/2025
Primary Sponsor
Daniel Holt
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AI Summary
- Increases the transient accommodations tax (TAT) rate by 1 percentage point, from 9.25% to 10.25%, beginning January 1, 2026, for both standard transient accommodations and resort time share vacation units
- Deposits the additional revenue generated from the 1 percentage point TAT increase into the Hawaiian Home General Loan Fund established under the Hawaiian Homes Commission Act, 1920
- Amends the Hawaiian Homes Commission Act to authorize the fund to receive moneys from the TAT pursuant to section 237D-2(f), Hawaii Revised Statutes
- Maintains the existing 1 percentage point TAT surcharge (effective 2018-2030) that funds the mass transit special fund as a separate allocation
- Effective date is July 1, 3000 (placeholder date indicating further legislative action needed)
Legislative Description
Relating To Tax Revenues.
Tax Revenues
Last Action
Carried over to 2026 Regular Session.
12/8/2025
Committee Referrals
Finance2/14/2025
Judiciary & Hawaiian Affairs2/4/2025
Tourism1/21/2025
Full Bill Text
No bill text available