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HI SB220

HI SB220
Relating To Transportation Financing.


summary

Introduced
01/15/2025
In Committee
01/21/2026
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 transportation-related tax and funding provisions for the Honolulu Authority for Rapid Transportation (HART) until December 31, 2056. Specifically, the bill modifies existing laws to extend the county surcharge on state tax, the Transient Accommodation Tax (TAT) rate increase, and related financial oversight mechanisms. The State Auditor will continue to conduct annual reviews of HART's expenditures to ensure compliance with established criteria and accounting best practices. Counties will be allowed to extend their surcharge on state tax through ordinances adopted before January 1, 2026, with the surcharge now potentially lasting until the end of 2056. The bill also adjusts the TAT rate to 10.25% for the extended period, with excess revenues being deposited into the mass transit special fund. These changes are designed to provide long-term financial stability and continued funding for transportation infrastructure projects, particularly in Honolulu, by giving counties and transportation authorities more flexibility in their funding mechanisms.

Committee Categories

Transportation and Infrastructure

Sponsors (4)

Last Action

Re-Referred to TRS/EIG, WAM. (on 01/21/2026)

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