Bill Text: HI SB2014 | 2014 | Regular Session | Introduced
Bill Title: Transient Accommodations Tax; Resident Owner Exemption
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-01-15 - Referred to TSM/JDL, WAM. [SB2014 Detail]
Download: Hawaii-2014-SB2014-Introduced.html
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THE SENATE |
S.B. NO. |
2014 |
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TWENTY-SEVENTH LEGISLATURE, 2014 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to transient accommodations tax.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 237D-2, Hawaii Revised Statutes, is amended by amending subsection (a) 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 on July 1, 1994, to December 31, 1998;
(3) 7.25 per cent for the period beginning on January 1, 1999, to June 30, 2009;
(4) 8.25 per cent for the period beginning on July 1, 2009, to June 30, 2010; and
(5) 9.25 per cent for the period beginning on July 1, 2010, and thereafter; provided that hotels that are not fully owned by Hawaii residents shall be taxed at 10.5 per cent for the period beginning on July 1, 2010, and thereafter;
on the gross rental or gross rental proceeds derived from furnishing transient accommodations."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2014.
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INTRODUCED BY: |
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Report Title:
Transient Accommodations Tax; Resident Owner Exemption
Description:
Increases the transient accommodations tax rate to 10.5 per cent on hotels with non-resident owners.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
