Bill Text: HI HB2699 | 2010 | Regular Session | Introduced

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Bill Title: Transient Accommodation Tax; Minimum

Spectrum: Partisan Bill (Democrat 16-0)

Status: (Introduced - Dead) 2010-02-12 - (H) The committee(s) recommends that the measure be deferred. [HB2699 Detail]

Download: Hawaii-2010-HB2699-Introduced.html

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HOUSE OF REPRESENTATIVES	H.B. NO.	2699
TWENTY-FIFTH LEGISLATURE, 2010
STATE OF HAWAII

A BILL FOR AN ACT

 

 

relating to taxation.

 

 

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

 

     SECTION 1.  Section 237D-2, Hawaii Revised Statutes, is amended by amending subsections (a) and (b) to read as follows:

     "(a)  There is levied and shall be assessed and collected each month a tax of:

     (1)  Five per cent for the period beginning on January 1, 1987, to June 30, 1994;

     (2)  Six per cent for the period beginning July 1, 1994, to December 31, 1998; and

     (3)  7.25 per cent for the period beginning on January 1, 1999, and thereafter;

on the gross rental or gross rental proceeds derived from furnishing transient accommodations[.]; provided that, beginning July 1, 2010, the tax assessed and collected shall be either the amount calculated using the rate of $8 per day or the amount calculated using the rate specified in paragraph (3), whichever is higher.

     (b)  There is levied and shall be assessed and collected each month an additional:

     (1)  One per cent for the period beginning July 1, 2009, to June 30, 2010; and

     (2)  Two per cent for the period beginning July 1, 2010, to June 30, 2015;

on the gross rental or gross rental proceeds derived from furnishing transient accommodations.  The rate levied and assessed under this subsection shall be additional to the rate levied and assessed under [section 237D-2(a)(3).] subsection (a)."

     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  Statutory material to be repealed is bracketed and stricken.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, 2010.

 

INTRODUCED BY:	_____________________________

 

 

Report Title:

Transient Accommodation Tax; Minimum

 

Description:

Provides that the transient accommodation tax shall be assessed and collected at a minimum rate of $8 per day.  Effective 7/1/10.

 

 

 

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