Hawaii SB220 amends tax laws to allow counties to establish and extend surcharges on state tax for mass transit projects.

Hawaii SB220 modifies the Hawaii Revised Statutes to allow counties to establish and extend surcharges on state tax for mass transit projects. Counties can adopt these surcharges through ordinances, with specific timelines and conditions. The surcharges can be levied at different rates depending on when the ordinance was adopted. The bill also specifies how the collected revenues are to be deposited and used, with excess revenues going into the mass transit special fund. The surcharges are subject to annual audits by the auditor to ensure compliance with established criteria.

Hawaii SB220 amends tax laws to allow counties to establish and extend surcharges on state tax for mass transit projects.

Hawaii SB220 modifies the Hawaii Revised Statutes to allow counties to establish and extend surcharges on state tax for mass transit projects. Counties can adopt these surcharges through ordinances, with specific timelines and conditions. The surcharges can be levied at different rates depending on when the ordinance was adopted. The bill also specifies how the collected revenues are to be deposited and used, with excess revenues going into the mass transit special fund. The surcharges are subject to annual audits by the auditor to ensure compliance with established criteria.