RELATING TO ECONOMIC DEVELOPMENT.

Effective date changed from unspecified to July 1, 2050, which appears to be an error as this is far in the future

Tax rate schedules were updated with specific percentages for different time periods, including a new rate for 2026 and beyond

Added provisions requiring excess tax revenues to be deposited into mass transit special fund, with exceptions for court awards

Expanded from floor amendment format to complete legislative act with five sections including statutory repeal language

Added legislative findings section establishing the climate emergency context and departmental responsibilities

Changed the stated purpose of the Act to include support for tourism marketing and destination management in addition to addressing climate change impacts.

Updated budget request language to require that general funds be used for projects addressing both climate change and tourism marketing/destination management.

Amended Section 237D-2 to change tax rate language and periods, though specific percentage values remain blank for legislative action.

Added requirement for Governor to request budget allocation equal to an unspecified percentage of transient accommodations tax revenue for climate change and tourism impact projects

Added new section requiring specific projects to address both climate change and tourism impacts

Modified transient accommodations tax rates with new provisions for periods after 2025 and adjustments for excess revenue to mass transit fund

Restructured selection committee composition for resiliency projects with different member appointments and removed requirement for governor appointment of at-large members

Changed effective date from unspecified to July 1, 2050

Created two new special funds: Climate Mitigation and Resiliency Special Fund (administered by Department of Defense) and Economic Development and Revitalization Special Fund (administered by Department of Business, Economic Development, and Tourism).

Increased transient accommodation tax rates from 9.25% to 11% starting January 1, 2026, and allocated portions to the new Climate Mitigation and Resiliency Special Fund.

Appropriated $50 million for fiscal year 2025-2026 to the Climate Mitigation and Resiliency Special Fund and $90 million for fiscal years 2025-2026 and 2026-2027 for climate change impact projects.

Established a selection committee for the Climate Mitigation and Resiliency Special Fund including the Adjutant General, Department of Defense leadership, and legislative representatives.

Added requirements for the Department of Defense to adopt rules and convene a selection committee to review and recommend projects for climate mitigation and resiliency fund allocation.

Changed the effective date from July 1, 2025 to July 1, 2050, significantly delaying implementation of the new provisions.

New tax rate of blank percent (to be filled) starting January 1, 2027, replacing the previous 9.25% rate that ended in 2026.

Added water resource protection under chapter 174C as a new allowable use for the Special Land and Development Fund.

Added definitions for 'cruise ship' and 'cruise ship cabin' to clarify what accommodations are subject to the new tax.

Modified the definition of 'transient accommodations' to explicitly include cruise ship cabins, ensuring they are taxed.

Added a requirement to assess cruise ship tax based on the total time the ship is docked at any port in the State.

Extended the tax rate increase schedule to include a new period beginning January 1, 2027.

Added new definitions for 'Cruise ship' and 'Cruise ship cabin' to clarify which accommodations are subject to the new tax.

Modified the definition of 'Lease', 'let', or 'rental' to explicitly include cruise ship cabins.

Modified the definition of 'Transient accommodations' to include cruise ship cabins.

Modified tax rates in Section 237D-2 to increase rates from 9.25% to a higher unspecified rate for the period beginning January 1, 2027, and thereafter.

Added a specific tax provision for cruise ship operators to pay a percentage tax on gross rental proceeds from cruise ship cabins, prorated by the percentage of total time docked at any port in the State.

Added an appropriation for fiscal years 2025-2026 and 2026-2027 to the Department of Land and Natural Resources for natural resource protection, environmental stewardship, climate and hazard mitigation, and sustainable tourism.

Modified the effective date of the Act from July 1, 3000 to an unspecified date (likely intended to be July 1, 2025 or similar, based on context).

Added new definitions for 'cruise fare', 'cruise ship', and 'cruise ship cabin' to clarify the tax base for cruise ship operators.

Increased the transient accommodations tax rate from 9.25% to 10% starting January 1, 2026, and added a separate 11% tax rate for cruise ship fares.

Amended the allowable uses of the Special Land and Development Fund to include climate resilience projects, native forest restoration, and visitor experience improvements.

Requires the Governor to request general funds in the budget that approximate the additional tax revenue generated by the Act for climate change mitigation and tourism projects.

Added new statutory requirements for protecting natural resources, increasing infrastructure resilience to climate disasters, and improving the visitor experience.

Extended the 10% tax rate period for resort time shares from December 2025 to December 2030.

Cruise ship passengers are now subject to transient accommodations tax on gross rental proceeds derived from cruise fares.

Transient accommodations tax rate increases from 9.25% to 10% for standard accommodations beginning January 1, 2026, and to 11% for cruise ship accommodations.

Additional tax revenue must be used to fund climate change mitigation and tourism projects including natural resource protection, infrastructure resilience, and visitor experience improvements.

The Special Land and Development Fund allocation now includes specific requirements for protecting natural resources, repairing facilities, and maintaining public lands connected to visitor experience.

New definitions were added for cruise fare, cruise ship, and cruise ship cabin to clarify tax application to maritime tourism.

The document header changed from 'HOUSE FLOOR AMENDMENT' to 'SB template' and 'HOUSE FLOOR AMENDMENT' to 'SENATE FLOOR AMENDMENT', indicating the bill moved from House to Senate processing.

Formatting and markup symbols were updated to match Senate amendment conventions, including changes to line numbering and amendment notation styles.

Removed the original preamble and findings sections that discussed climate emergency, environmental stewardship, and sustainable economic development.

Removed the original purpose statement that outlined four legislative goals including tax rate increases, cruise fare taxation, budget requests for climate projects, and special fund modifications.

Changed the bill to amend existing tax statutes, specifically adjusting transient accommodations tax rates from 9.25% to 11% and modifying how excess revenues are deposited into state funds.

Removed the requirement for the governor to request budget allocations for climate change mitigation and tourism projects.

New definitions for 'cruise fare', 'cruise ship', and 'cruise ship cabin' were added to clarify what is taxable under the new provisions.

The transient accommodations tax rate for hotels and resorts will increase from 9.25% to 10% starting January 1, 2026.

Additional tax revenue must be used equally to fund climate change mitigation, natural resource protection, hazard mitigation, and visitor experience improvements.

The allowable uses of the Special Land and Development Fund were expanded to include climate resilience projects, water resource protection, and tourism infrastructure improvements.

A new 11% tax rate is imposed on cruise ship passengers based on the number of days their ship docks in Hawaii, with revenue allocated to climate and tourism projects.

The Governor must request additional general funds in the 2026 budget to match the new tax revenue for climate and tourism projects.