Bill Text: HI SB2114 | 2012 | Regular Session | Amended

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Bill Title: Transient Accommodations Tax; Convention Center Enterprise Special Fund

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2012-03-14 - (H) Passed Second Reading and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Herkes excused (1). [SB2114 Detail]

Download: Hawaii-2012-SB2114-Amended.html

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STAND. COM. REP. NO.  981-12

 

Honolulu, Hawaii

                , 2012

 

RE:   S.B. No. 2114

      S.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Tourism, to which was referred S.B. No. 2114, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE TRANSIENT ACCOMMODATIONS TAX,"

 

begs leave to report as follows:

 

     The purpose of this measure is to provide for the allocation of transient accommodations tax revenues to the Convention Center Enterprise Special Fund on a fiscal year basis, instead of a calendar year basis.

 

     The Hawaii Tourism Authority and Department of Taxation testified in support of this measure.  The Department of Budget and Finance and Tax Foundation of Hawaii provided comments.  

 

     Your Committee notes and supports the request of the Hawaii Tourism Authority to retain language in this measure that allows unexpended and unencumbered funds in excess of any unencumbered reserve remaining in the Convention Center Enterprise Special Fund at the end of the 2011-2012 fiscal year to be expended for repair and maintenance projects of the Hawaii Convention Center, such as the rooftop terrace maintenance project and painting of the Hawaii Convention Center.

 

     As affirmed by the record of votes of the members of your Committee on Tourism that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2114, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Tourism,

 

 

		____________________________ TOM BROWER, Chair