Bill Text: HI SB1226 | 2010 | Regular Session | Amended
Bill Title: Tourism Special Fund; Transient Accommodations Tax
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Engrossed - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [SB1226 Detail]
Download: Hawaii-2010-SB1226-Amended.html
Report Title:
Tourism Special Fund; Transient Accommodations Tax
Description:
Removes the per cent of transient accommodations tax that is deposited into the tourism special fund from 34.2 per cent to a blank per cent. Effective 07/01/90. (SD2)
|
THE SENATE |
S.B. NO. |
1226 |
|
TWENTY-FIFTH LEGISLATURE, 2009 |
S.D. 2 |
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO THE TOURISM SPECIAL FUND.
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) 17.3 per cent of the revenues collected under this chapter shall be deposited into the convention center enterprise special fund established under section 201B‑8; provided that beginning January 1, 2002, if the amount of the revenue collected under this paragraph exceeds $33,000,000 in any calendar year, revenues collected in excess of $33,000,000 shall be deposited into the general fund;
(2) [34.2] _____ per cent of the revenues
collected under this chapter shall be deposited into the tourism special fund
established under section 201B-11 for tourism promotion and visitor industry
research; provided that beginning on July 1, 2002, of the first $1,000,000 in
revenues deposited:
(A) Ninety per cent shall be deposited into the state parks special fund established in section 184‑3.4; and
(B) Ten per cent shall be deposited into the special land and development fund established in section 171‑19 for the Hawaii statewide trail and access program;
provided that of the [34.2] _____ per
cent, 0.5 per cent 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; provided further that 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; and
(3) 44.8 per cent of the revenues collected under this chapter shall be transferred 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.
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."
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, 2090.
