RES 152 Draft 01 2012-2014 - Laserfiche WebLink

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�tY Oi.. COUNTY OF HAWAII :• � '= .�� • STATE OF HAWAII • RESOLUTION NO. 152 13 A RESOLUTION REQUESTING THAT THE HAWAII STATE ASSOCIATION OF COUNTIES INCLUDE IN ITS 2014 LEGISLATIVE PACKAGE A BILL FOR THE LEGISLATURE OF THE STATE OF HAWAII TO INCREASE THE AMOUNT OF THE COUNTIES' SHARE OF THE TRANSIENT ACCOMMODATION TAX. WHEREAS, the transient accommodations tax is a tax levied by the State of Hawai`i on the proceeds derived from furnishing transient accommodations; and WHEREAS, Act 185, Session Laws of Hawai`i 1990, gave the counties a share of the transient accommodations tax; and WHEREAS, according to Conference Committee Report No. 207 (1990), the purpose of Act 185 was to provide a more equitable method of sharing state revenues with the counties, rather than continuing with the system that existed at the time whereby the counties requested financial assistance through grants-in-aid from the State; and WHEREAS, prior to July 1, 2013, 44.8% of the total transient accommodations tax collected by the State was distributed to the counties and allocated as follows: Kaua`i County 14.5% Hawai`i County 18.6% City and County of Honolulu 44.1% Maui County 22.8% 100.0%; and WHEREAS, on June 21, 2013, Governor Neil Abercrombie signed into law Act 161, which established $93,000,000 as the amount to be allocated to the counties; and WHEREAS, based on the percentages provided above, Act 161 allocates $13,485,000 to Kauai County, $17,298,000 to Hawai`i County, $41,013,000 to the City and County of Honolulu, and $21,204,000 to Maui County; and WHEREAS,the counties' share of the tax is a stabilizing force for county finances, providing for improved budgeting and planning; and WHEREAS,the transient accommodations tax provides needed revenues for the operations of county government to enhance visitor satisfaction; and WHEREAS,the state's economy is improving, resulting in an increase in transient accommodation tax revenues; and