SB1333 extends the period for counties to collect a surcharge on state tax and allows its use for housing and transportation infrastructure.
SB1333 amends Hawaii tax laws to extend the period for counties to collect a surcharge on state tax to December 31, 2047. Counties with populations of 500,000 or less can now use these surcharge revenues for both housing and transportation infrastructure. The bill also allows for cost-sharing with private or public developers for housing infrastructure projects. Counties can establish a surcharge on state tax by ordinance, with specific timelines for when the surcharge can begin.
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