Hawaii House Bill 2519 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2018 - 25% progression, died in committee
Action: 2018-01-29 - Referred to TRN, TOU, FIN, referral sheet 9
Pending: House Transportation Committee
Text: Latest bill text (Introduced) [HTML]

Extends the county surcharge on the general excise tax and use tax through 2035. Repeals the county surcharge on the general excise tax and use tax by a county with a population greater than 500,000 if, prior to 12/31/2035, the revenues collected through the county surcharge exceed the annual debt service following the completed construction of the minimum operable segment of the locally preferred alternative for a mass transit project. Makes the current transient accommodations tax rate of 10.25% applicable only to transient accommodations furnished in a county with a population greater than 500,000, extends the 10.25% rate through 2035, and reduces the rate to 9.25% if, prior to 12/31/2035, the revenues collected through the county surcharge exceed the annual debt service following the completed construction of the minimum operable segment of the locally preferred alternative for a mass transit project. Repeals requirement that the Director of Finance only disburse surcharge revenues for certified costs incurred by a county to build its mass transit project. Repeals the requirement that a county with a population greater than 500,000 use funds collected pursuant to a county surcharge only for capital costs associated with the construction of a locally preferred alternative for a mass transit project.

Relating To Taxation.

Rep. James Tokioka [D]

Date	Chamber	Action
2018-01-29	House	Referred to TRN, TOU, FIN, referral sheet 9
2018-01-24	House	Introduced and Pass First Reading.
2018-01-23	House	Pending introduction.

Type	Source
Summary	https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=2519&year=2018
Text	https://www.capitol.hawaii.gov/session2018/bills/HB2519_.HTM