HONOLULU - Illegal vacation rentals across Hawaii could soon be mandated to pay taxes. 

Hawaii Senators voted 13 to 12 in favor of SB1292. The bill would require short term vacation rental operators to pay both transient accommodations taxes and general excise taxes to hosting platforms like Airbnb which would then pay those taxes to the state.

The bill is estimated to bring in about $46 million for the state in its first year.

Some Senators stated passing the bill was necessary to fund about a dozen other bills including pre-k classrooms, a film tax credit, and homeless services.

The bill now goes to the Governor's office to possibly be signed into law.