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COUNTY OF HAWAII <br />STATE OF HAWAII <br />RESOLUTION NO. 123 11 <br />A RESOLUTION APPROVING FOR INCLUSION IN THE 2012 HAWAII STATE <br />ASSOCIATION OF COUNTIES' LEGISLATIVE PACKAGE REQUESTING THE <br />LEGISLATURE OF THE STATE OF HAWAII REMOVE THE CEILING ON THE <br />COUNTIES' SHARE OF THE TRANSIENT ACCOMMODATION TAX. <br />WHEREAS, the transient accommodations tax is a tax levied by the State of Hawai`i on <br />the proceeds derived from furnishing transient accommodations; and <br />WHEREAS, Act 185, Session Laws of Hawai`i 1990, gave the counties a share of the <br />transient accommodations tax; and <br />WHEREAS, according to Conference Committee Report No. 207 (1990), the purpose of <br />Act 185 was to provide a more equitable method of sharing state revenues with the counties, <br />rather than continuing with the system that existed at the time whereby the counties requested <br />financial assistance through grants -in -aid from the State; and <br />WHEREAS, 44.8% of the total transient accommodations tax collected by the State is <br />distributed to the counties and allocated as follows: <br />Kaua`i County <br />Hawai`i County <br />City and County of Honolulu <br />Maui County <br />14.5% <br />18.6% (FY 12 Op. Budget - $17,298,000) <br />44.1% <br />22.8% <br />100.0 %; and <br />WHEREAS, on June 9, 2011, the governor signed into law Act 103 which imposed a <br />ceiling of $93,000,000 on the amount of transient accommodation tax funds transferred to the <br />counties from July 1, 2011 through June 30, 2015; and <br />WHEREAS, the counties' share of the tax also provides more stability to county <br />finances and enables improved budgeting and planning; and <br />WHEREAS, the transient accommodations tax provides for needed revenues for the <br />operations of county government to improve the quality of life of our residents and enhance <br />visitor satisfaction; and <br />