HB 997

HD1, SD1

RELATING TO TRANSIENT ACCOMMODATIONS TAX.

Redistributes the transient accommodations tax to facilitate the Hawaii tourism authority with existing and expanded programs. Imposes TAT surcharge on hotel conversions. (SD1)

HB 998

HD2, SD1

RELATING TO HOTEL CONSTRUCTION AND REMODELING TAX CREDIT.

Extends 4% tax credit through 12/31/07, raises credit to 8% from 1/1/08 to 12/31/2010, and sunsets credit on 12/31/2010; applies credit to "qualified full service hotel facility"; removes time share facilities, condominiums, and commercial buildings and facilities located within a qualified resort area from the definition of "qualified hotel facility"; includes recapture provisions in the event a qualified hotel facility is converted, or is being converted, to a time share facility or condominium. (SD1)

HB 1308

HD1, SD1

RELATING TO LAND CONSERVATION.

Increases conveyance tax on a sliding scale. Requires 10% of real estate conveyance tax collected be deposited into the land conservation fund. Allows grants to state agencies, counties, and nonprofit land conservation organizations to acquire interest in lands having a value as a resource to the State. Provides stable funding mechanism for the natural area reserves system. Appropriates funds for the purchase of the Honu'apo estuary lands in Ka'u, Hawaii and 3,700 acres of land in Moanalua valley, Oahu. (SD1)