Hawaii HB1077 establishes special funds for climate mitigation and economic development, increases transient accommodations tax, and allocates tax.
Hawaii HB1077 creates the climate mitigation and resiliency special fund and the economic development and revitalization special fund. The climate fund supports projects addressing climate change impacts, while the economic fund finances projects for economic development and revitalization. The bill raises the transient accommodations tax and allocates a portion of the tax revenue to these special funds. The remaining tax revenues are deposited into the general fund. The department of defense is tasked with funding climate resiliency projects and managing the climate fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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