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Counties risk losing revenue from public utility franchise tax

March 21, 2013
The Maui Weekly

The Maui News - While the state's four mayors and county councils worry about retaining transient accommodations tax revenue, the counties also face another threat-- the loss of half their current public utility franchise tax revenues. In fiscal year 2012, Maui County's estimated share of franchise taxes is more than $8 million. A reduction proposed under Senate Bill 1213 would amount to about $4 million. The measure would divert half of all franchise tax revenues now paid to the counties to the state Department of Transportation. An amended version of the bill would put off its implementation until July 2050. The Hawai'i Council of Mayors submitted written testimony opposed to the bill. The Senate bill has passed the Senate and crossed over to the House. There, it has passed first reading and has been referred to the House Transportation and Finance committees.

 
 
 

 

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