Hawaii HB1014 extends the period for counties to collect a surcharge on state tax and allows its use for housing and transportation infrastructure.

Hawaii HB1014 amends existing state statutes to extend the period for counties to collect a surcharge on state tax to December 31, 2047. It allows counties with a population of five hundred thousand or less to use the surcharge revenues for both housing and transportation infrastructure. The bill also authorizes cost-sharing with private or other public developers for housing infrastructure projects. The legislation aims to provide more certainty and reliability for long-term capital improvement programs and debt payment on bonds issued for regional infrastructure.

Hawaii HB1014 extends the period for counties to collect a surcharge on state tax and allows its use for housing and transportation infrastructure.

Hawaii HB1014 amends existing state statutes to extend the period for counties to collect a surcharge on state tax to December 31, 2047. It allows counties with a population of five hundred thousand or less to use the surcharge revenues for both housing and transportation infrastructure. The bill also authorizes cost-sharing with private or other public developers for housing infrastructure projects. The legislation aims to provide more certainty and reliability for long-term capital improvement programs and debt payment on bonds issued for regional infrastructure.