SB220

Hawaii SB220 amends tax rates and procedures for county surcharges on state tax, affecting mass transit funding.

Hawaii SB220 modifies tax rates and procedures for county surcharges on state tax, impacting mass transit funding. The bill sets the tax rate at 10.25% from January 1, 2018, to December 31, 2056, with excess revenues deposited into the mass transit special fund. Counties can establish or extend surcharges by ordinance, subject to public hearings and deadlines. The bill also mandates annual reviews of rapid transportation authority expenditures and requires the auditor to review authority invoices for capital costs.