UPDATE: The Department of Planning and Permitting will begin enforcing Bill 89 regulations on August 1, 2019. 

Any short-term rental advertising without a permit, or not in a designated tourist district (Waikiki, Ko Olina, Turtle Bay) will be considered illegal and subject to fines. 

The process for acquiring a permit is first-come first-serve and will begin on October 1, 2020. The DPP will issue 1,699 permits.

Zero permits will be issues to homes on the North Shore. 

Despite the bill's unanimous passing in City Council, it has received some public disagreement.

Max Sword, Expedia Group's Hawaii Policy Director said "I have been in the tourism industry for 30 years and I've seen the ups and downs. This could be one of those valleys that we're going to be hitting pretty soon."

--

Tuesday, Mayor Kirk Caldwell made a final decision on two controversial bills that would regulate vacation rentals on O'ahu. He signed bill 89 and vetoed bill 85.

The mayor signed the bill at a press conference at Honolulu Hale on Tuesday.

Bill 89 that was signed lowers the amount of illegal rentals from 8,000 to 2,500, and eliminates whole home rentals.

Bill 85 that was vetoed would have set up stricter guidelines for registration, regulation and enforcement.

Some argue the city is doing the right thing pushing for limits saying parts of the island have become congested. Others say they rely on the income of their vacation rentals to support their families.

Additional details on KITV4 Island News at 5, 6 and 10 p.m.