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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2699 |
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TWENTY-FIFTH LEGISLATURE, 2010 |
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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, 2010, the tax assessed and collected shall be either the amount
calculated using the rate of $8 per day or the amount calculated using the rate
specified in paragraph (3), whichever is higher.
(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 Statutory material to be repealed is bracketed and stricken.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, 2010.
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INTRODUCED BY: |
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Report Title:
Transient Accommodation Tax; Minimum
Description:
Provides that the transient accommodation tax shall be assessed and collected at a minimum rate of $8 per day. Effective 7/1/10.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.