The Hawai‘i House of Representatives Finance Committee will hear a proposed House amendment to Senate Bill 648 SD1 HD1 to increase the amounts of the Transient Accommodations Tax revenues for the Neighbor Islands.
The amendment includes:
Increasing Hawai‘i Island’s TAT revenues from $19,158,000 to $31,248,000.
Increasing Kaua‘i’s TAT revenues from $14,935,000 to $24,360,000.
Increasing Maui’s TAT revenues from $23,484,000 to $38,304,000.
The TAT amount for the City & County of Honolulu is unchanged for a total of $45.4 million per year.
During the 2017 Special Legislative Session, lawmakers voted to raise the TAT by 1% to immediately address the shortfall of O‘ahu’s rail project. At that time, House leaders discussed the possibility of revisiting proposals to increase TAT revenues for the neighbor islands.
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The hearing will take place on Thursday, March 15, 2018, at 2 p.m. at the Hawai‘i State Capitol in room 308.
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The Hawai‘i House of Representatives Finance Committee will hear a proposed House amendment to Senate Bill 648 SD1 HD1 to increase the amounts of the Transient Accommodations Tax revenues for the Neighbor Islands.
