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It <br />OF M+`�i <br />COUNTY OF HAWAII STATE OF HAWAII <br />Tt OF.N'.1 <br />RESOLUTION NO. 81 15 <br />A RESOLUTION URGING THE HAWAII STATE LEGISLATURE TO PASS HOUSE <br />BILL NO. 833 RELATING TO THE TRANSIENT ACCOMODATIONS TAX. <br />WHEREAS, the transient accommodations tax is a tax levied by the State of Hawaii on <br />the proceeds derived from furnishing transient accommodations; and <br />WHEREAS, Act 185, Session Laws of Hawaii 1990, gave the counties a share of <br />transient accommodations tax revenue; 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, House Bill No. 833 permanently allocates $103,000,000 in transient <br />accommodations tax revenue to the counties; and <br />WHEREAS, the counties' share of the tax is a stabilizing force for county finances, <br />providing for improved budgeting and planning; and <br />WHEREAS, the transient accommodations tax provides needed revenues for the <br />operations of county government to enhance visitor satisfaction; now, therefore, <br />BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF HAWAII that the <br />Hawaii State Legislature is urged to pass House Bill No. 833 relating to the transient <br />accommodations tax. <br />