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Posted on February 26, 2014 at 12:00 AM by Troy Hashimoto
Councilmember White submitted written and oral testimony to the House Committee on Finance in support of House Bill 1671, House Draft 1, relating to Transient Accomodations Tax which was heard on Tuesday, February 25, 2014.
This legislation removes the current cap on the transient accomodations tax revenues to be distributed to the counties and establishes the distribution of these revenues as a percentage of TAT collected.
Councilmember White stated, "the bottom line is the State made use of the TAT revenues when it needed them and has not responded to the counties' financial needs as the State's fortunes have improved".
The measure passed the House Finance Committee and now will likely crossover to the Senate for further consideration.
Read full version of the testimony.
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