Legislation to help pay for Honolulu’s rail transit project became law Tuesday with Hawaii Gov. David Ige’s signature.
The bill combines increasing the state’s transient accommodations tax with extending Oahu’s 0.5 percent surcharge of the general excise tax, which lawmakers say will generate $2.4 billion for the over-budget rail project.
The bill extends the G.E.T. surcharge for three additional years through Dec. 31, 2030 and raises the T.A.T., which is currently at 9.25 percent, to 10.25…