Report Title:

Conveyance Tax; 25% of General Fund Share for Homeless

 

Description:

Earmarks 25% of conveyance taxes paid into the general fund to the housing and community Development Corporation of Hawaii for the purpose of providing homeless assistance. (SD2)

 

THE SENATE

S.B. NO.

1325

TWENTY-FIRST LEGISLATURE, 2001

S.D. 2

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to conveyance tax.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Act 269, Session Laws of Hawaii 2000, section 2, is amended by amending section 247-7, Hawaii Revised Statutes, to read as follows:

"§247-7 Disposition of taxes. All taxes collected under this chapter shall be paid into the state treasury to the credit of the general fund of the State, to be used and expended for the purposes for which the general fund was created and exists by law; provided that of the taxes collected each fiscal year, [twelve and one-half] twenty-five per cent shall be paid into the rental housing trust fund established by section 201G-432 and twenty-five per cent shall be paid into the natural area reserve fund established by section 195-9; provided that the funds paid into the natural area reserve fund shall be annually disbursed by the department of land and natural resources after joint consultation with the forest stewardship committee and the natural area reserves system commission in the following priority:

(1) To natural area partnership and forest stewardship programs; and

(2) Projects undertaken in accordance with watershed management plans pursuant to section 171-58 or watershed management plans negotiated with private landowners[.];

and provided further that of the funds paid into the general fund,           per cent shall be used solely for the purpose of providing homeless assistance pursuant to part IV of chapter 201G."

SECTION 2. Act 269, Session Laws of Hawaii 2000, is amended by amending section 5 to read as follows:

"SECTION 5. This Act shall take effect upon its approval[; provided that section 3 shall take effect on July 1, 2001]."

SECTION 3. Act 269, Session Laws of Hawaii 2000, is amended by repealing section 3.

["SECTION 3. Section 247-7, Hawaii Revised Statutes, is amended to read as follows:

"§247-7 Disposition of taxes. All taxes collected under this chapter shall be paid into the state treasury to the credit of the general fund of the State, to be used and expended for the purposes for which the general fund was created and exists by law; provided that of the taxes collected each fiscal year, twenty-five per cent shall be paid into the rental housing trust fund established by section 201G-432 and twenty-five per cent shall be paid into the natural area reserve fund established by section 195-9; provided that the funds paid into the natural area reserve fund shall be annually disbursed by the department of land and natural resources after joint consultation with the forest stewardship committee and the natural area reserves system commission in the following priority:

(1) To natural area partnership and forest stewardship programs; and

(2) Projects undertaken in accordance with watershed management plans pursuant to section 171-58 or watershed management plans negotiated with private landowners.""]

SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 5. This Act shall take effect on upon approval.