HOUSE OF REPRESENTATIVES
TWENTY-EIGHTH LEGISLATURE, 2015
STATE OF HAWAII
A BILL FOR AN ACT
RELATING TO THE TRANSIENT ACCOMMODATIONS TAX.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 237D-6.5, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) Revenues collected under this chapter shall be distributed as follows, with the excess revenues to be deposited into the general fund:
(1) $26,500,000 shall be allocated to the convention center enterprise special fund established under section 201B-8;
(2) $82,000,000 shall be allocated to the tourism special fund established under section 201B-11; provided that:
(A) Beginning on July 1, 2012, and
ending on June 30, 2015, $2,000,000 shall be expended from the tourism special
fund for development and implementation of initiatives to take advantage of
expanded visa programs and increased travel opportunities for international
visitors to Hawaii; (B)] (A) Of the $82,000,000
(i) $1,000,000 shall be allocated for the operation of a Hawaiian center and the museum of Hawaiian music and dance at the Hawaii convention center; and
(ii) 0.5 per cent of the $82,000,000 shall be transferred to a sub-account in the tourism special fund to provide funding for a safety and security budget, in accordance with the Hawaii tourism strategic plan 2005-2015; and
(C)] (B) Of the revenues
remaining in the tourism special fund after revenues have been deposited as
provided in this paragraph and except for any sum authorized by the legislature
for expenditure from revenues subject to this paragraph, beginning July 1,
2007, funds shall be deposited into the tourism emergency trust fund,
established in section 201B-10, in a manner sufficient to maintain a fund
balance of $5,000,000 in the tourism emergency trust fund;
(3) $103,000,000 for fiscal year 2014-2015, $103,000,000 for fiscal year 2015-2016, and $93,000,000 for each fiscal year thereafter shall be allocated as follows: Kauai county shall receive 14.5 per cent, Hawaii county shall receive 18.6 per cent, city and county of Honolulu shall receive 44.1 per cent, and Maui county shall receive 22.8 per cent; provided that commencing with fiscal year 2018-2019, a sum that represents the difference between a county public employer's annual required contribution for the separate trust fund established under section 87A-42 and the amount of the county public employer's contributions into that trust fund shall be retained by the state director of finance and deposited to the credit of the county public employer's annual required contribution into that trust fund in each fiscal year, as provided in section 87A-42, if the respective county fails to remit the total amount of the county's required annual contributions, as required under section 87A-43;
(4) $3,000,000 shall be allocated to the Turtle Bay conservation easement special fund established under section 201B-8.6 for the payment of debt service on revenue bonds, the proceeds of which were used to acquire the conservation easement in Turtle Bay, Oahu, until the bonds are fully amortized; and
Of the excess revenues deposited into the
general fund pursuant to this subsection,] $3,000,000 shall be allocated [ subject
to the] to the special land and development fund established under
section 171-19, to be expended according to a mutual agreement of the board
of land and natural resources and the board of directors of the Hawaii tourism
authority in accordance with the [ Hawaii tourism authority strategic plan]
long-range strategic plan for tourism developed by the Hawaii tourism
(A) The protection, preservation, and enhancement of natural resources important to the visitor industry;
(B) Planning, construction, and repair of facilities; and
(C) Operation and maintenance costs of public lands connected with enhancing the visitor experience.
All transient accommodations taxes shall be paid into the state treasury each month within ten days after collection and shall be kept by the state director of finance in special accounts for distribution as provided in this subsection.
As used in this subsection, "fiscal year" means the twelve-month period beginning on July 1 of a calendar year and ending on June 30 of the following calendar year."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2020.
Transient Accommodations Tax; Allocation of Funds
Repeals provision relating to Tourism Special Fund expenditures that is set to expire on June 30, 2015. Clarifies Board of Land and Natural Resources and Hawaii Tourism Authority expenditure authority over Transient Accommodations Tax revenue allocated to the Special Land and Development Fund. (HB1448 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.