Governor Ige signs rail funding bill
HONOLULU – Gov. David Ige signed SB 4 after completing legal and policy reviews of the measure over the weekend.
The bill extends O‘ahu’s general excise tax surcharge to 2030, an additional three years. It also increases the state’s hotel room tax by one percent (10.25 percent) for the next 13 years.
“This is a strategic investment in Hawai‘i’s future. We must move this forward and complete this project,” said Gov. Ige. “I have heard the concerns of leaders and residents in Hawai‘i, Kaua‘i and Maui counties. I recognize the uniqueness of each county and the fiscal challenges they face, with main revenue sources being property taxes and the TAT. I understand why they would like to see more support from the visitor industry and I intend to work with the county mayors, county councils and the Legislature on a fair distribution of the TAT.”
Links to photos and videos:
Link to the bill signing: https://www.facebook.com/GovernorDavidIge/videos/872877726220954/
Link to the reporters Q&A: https://www.facebook.com/GovernorDavidIge/videos/872890789552981/