Hawaii HB1014 extends the collection period for county surcharges on state tax to December 31, 2047, and allows counties with populations under.
Hawaii HB1014 amends existing laws to extend the period for collecting county surcharges on state tax to December 31, 2047, for counties with populations of 500,000 or less. It also allows these counties to use the collected surcharges for both housing and transportation infrastructure. The bill aims to provide more certainty and reliability for county revenues for long-term capital improvement programs and debt payment on bonds issued for regional infrastructure.
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