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Bill > SB220


HI SB220

Relating To Transportation Financing.


summary

Introduced
01/15/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Authorizes a county that has adopted a surcharge to state tax to extend the surcharge to 12/31/2056. Extends the end date of the one percent Transient Accommodation Tax increase to 12/31/2056. Requires the State Auditor to conduct an audit and annual review of the Honolulu Authority for Rapid Transportation until 12/31/2056. Requires the Comptroller to certify the Honolulu Authority for Rapid Transportation's invoices for capital costs until 12/31/2056.

AI Summary

This bill extends several key transportation financing provisions in Hawaii until December 31, 2056. Specifically, the bill allows counties that have already established a surcharge on state tax to extend that surcharge until the end of 2056, with some procedural requirements like conducting a public hearing and notifying the director of taxation. The bill also extends the one percent Transient Accommodation Tax (TAT) increase to the same date, with revenues continuing to be deposited into the mass transit special fund. Additionally, the bill requires the State Auditor to continue conducting annual reviews of the Honolulu Authority for Rapid Transportation (HART) and requires the Comptroller to continue certifying HART's capital cost invoices until 2056. These extensions are part of ongoing efforts to support mass transit infrastructure and provide sustained funding for transportation projects in Hawaii, particularly in Honolulu. The bill modifies several sections of the Hawaii Revised Statutes to implement these extensions, ensuring continued financial support for transportation initiatives through the middle of the 21st century.

Committee Categories

Transportation and Infrastructure

Sponsors (4)

Last Action

Referred to TCA/EIG, WAM. (on 01/17/2025)

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