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HOUSE OF REPRESENTATIVES |
H.B. NO. |
976 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
H.D. 1 |
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STATE OF HAWAII |
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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, 2013, the tax assessed and collected shall be $4 per day per unit.
(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 Statutory material to be repealed is bracketed and stricken.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, 2013; provided that the amendments made to section 237D-2, Hawaii Revised Statutes, by section 1 of this Act shall not be repealed when that section is reenacted on June 30, 2015, pursuant to section 4 of Act 61, Session Laws of Hawaii 2009.
Report Title:
Transient Accommodations Tax; Minimum
Description:
Provides that the transient accommodation tax shall be assessed and collected at a minimum rate of $4 per day per unit. Effective July 1, 2013. (HB976 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.