STAND. COM. REP. NO.  1186

 

Honolulu, Hawaii

                , 2013

 

RE:   S.B. No. 750

      S.D. 2

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Economic Development & Business, to which was referred S.B. No. 750, S.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO DIGITAL MEDIA INFRASTRUCTURE,"

 

begs leave to report as follows:

 

     The purpose of this measure is to establish an income tax credit for the development of qualified media infrastructure programs in designated or qualifying geographic areas of the State.

 

     Big Island Film Office and one concerned individual opposed this measure.  The Department of Business, Economic Development, and Tourism; Department of Taxation; Tax Foundation of Hawaii; SAG-AFTRA Hawaii; IATSE, Mixed Local 665; AFM, Local 677; Teamsters, Local 996; SHM Partners/Film Studio Group; Maui Film Studios, LLC; and one concerned individual offered comments.

 

     Your Committee has amended this measure by changing its effective date to January 20, 2050, to encourage further discussion.

 

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 750, S.D. 2, as amended herein, and recommends that it be referred to the Committee on Finance in the form attached hereto as S.B. No. 750, S.D. 2, H.D. 1.

 

 

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

 

 

 

 

____________________________

CLIFT TSUJI, Chair