County TAT a Threat to Recovery (Community Matters)
Grassroot Institute Opposes TAT Surcharge. The host for this show is Jay Fidell. The guest is Joe Kent.
Grassroot Institute warns that Hawaii’s economy is in no condition to sustain a tax increase on visitors to the islands.
The Institute opposes a 3% transient accommodations tax for the City and County of Honolulu, the proceeds of which would be divided between the county’s general fund, a special account to “mitigate the impact of visitors on public facilities” and the county’s transit fund for the rail project.
Joe Kent, the Institute executive vice president of the Institute, said that with the elimination of the county’s share of the state’s 10.25% TAT, it is understandable that Honolulu would want to establish its own TAT, but he urged the Council to carefully consider the state of the economy before proceeding with yet another tax increase.
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