STAND. COM. REP. NO. 793-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 1665

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1665, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE TRANSIENT ACCOMMODATIONS TAX,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Amend the amount of transient accommodations tax revenues allocated to the counties from a specified sum to reimbursements to the county for expenditures related to specified county public services and specified tax credits allowed; and

(2) Provide a primary residential property owner who does not provide transient accommodations with a tax credit.

The Councilmember representing District 4 of the Hawai‘i County Council testified in support of this measure. The Office of the Mayor of the City and County of Honolulu, a Councilmember of the Honolulu City Council, a Councilmember of the Maui County Council, Hawai‘i State Association of Counties, and Maui Chamber of Commerce testified in opposition. The Department of Taxation, Department of the Attorney General, Mayor of the County of Hawai‘i, Council Chair of the Maui County Council, and Tax Foundation of Hawaii provided comments.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1665, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair