HOUSE OF REPRESENTATIVES

THE TWENTY-NINTH LEGISLATURE

REGULAR SESSION OF 2017

 

COMMITTEE ON ECONOMIC DEVELOPMENT & BUSINESS

Rep. Mark M. Nakashima, Chair

Rep. Jarrett Keohokalole, Vice Chair

 

Rep. Daniel Holt

Rep. Kyle T. Yamashita

Rep. Aaron Ling Johanson

Rep. Lauren Kealohilani Matsumoto

Rep. Roy M. Takumi

 

 

A M E N D E D NOTICE OF HEARING

 

DATE:

Friday, February 10, 2017

TIME:

9:00 AM

PLACE:

Conference Room 309

State Capitol

415 South Beretania Street

 

A M E N D E D A G E N D A

 

The following measures have been ADDED to the agenda for decision making only: HB911 and HB591.

 

HB 423

Status

RELATING TO FILM AND DIGITAL MEDIA INDUSTRY DEVELOPMENT.

Amends the Motion Picture, Digital Media, and Film Production Income Tax Credit by providing an additional credit amount for qualified production costs in a county with a population of 700,000 or less, provided that certain hiring criteria are met; requiring the taxpayer to verify the county of residence of local hires; and extending the repeal of the credit until January 1, 2024.

 

EDB, FIN

HB 590

Status

RELATING TO THE CREATIVE MEDIA INDUSTRY.

Establishes the Hawaii State Film Commission while retaining the Film Industry Branch of DBEDT. Repeals the Hawaii Television and Film Development Board along with the grant and venture capital programs to be implemented by the Board. Renames the Hawaii Television and Film Development Special Fund as the Creative Media and Film Infrastructure Special Fund. Expands funding sources for the Creative Media and Film Infrastructure Special Fund to support creative industries development within the Department of Business, Economic Development, and Tourism. Amends the purposes for which the Creative Media and Film Infrastructure Special Fund may be used. Provides general excise and use tax exemptions for operations and improvements of the Hawaii Film Studio. Makes an appropriation.

 

EDB, FIN

HB 1328

Status

RELATING TO FILM AND DIGITAL MEDIA INDUSTRY DEVELOPMENT.

Extends the sunset date of the Motion Picture, Digital Media, and Film Production Income Tax Credit to January 1, 2024. Provides stability and economic incentive predictability for the film industry.

 

EDB, FIN

HB 644

Status

RELATING TO NEW MARKET TAX CREDITS.

Expands methods for the delivery of funding to a project by providing loans to capitalize a qualified community development entity and provide guarantees or other credit enhancements to facilitate private lender participation in new markets tax credit financing. Increases total maximum funding amounts.

 

EDB, FIN

HB 587

Status

RELATING TO SMALL BUSINESS.

Appropriates funds to the Department of Business, Economic Development, and Tourism to provide additional resources to the Small Business Regulatory Review Board.

 

EDB, FIN

HB 943

Status

RELATING TO ECONOMIC DEVELOPMENT.

Establishes a Kapolei jobs initiative pilot program that offers incentives to increase the number of businesses willing to establish themselves or open a new location in the Kapolei region. Establishes a tax credit, until 12/31/2024, as part of the Kapolei jobs initiative pilot program.

 

EDB, FIN

HB 975

Status

RELATING TO ECONOMIC DEVELOPMENT.

Creates an advisory council for global economic competitiveness to be attached to DBEDT and composed of fifteen or more representatives from the public sector, global business community, economic development organizations, and academia. Directs the council to recommend policy additions and changes to attract more foreign direct investment and increase state exports abroad.

 

EDB, FIN

 

DECISION MAKING

 

The following measure(s) were previously heard on February 8, 2017. No Public Testimony will be accepted.

 

HB 911

Status

RELATING TO THE HIGH TECHNOLOGY DEVELOPMENT CORPORATION.

Establishes a program for companies to borrow and loan high technology equipment to be administered by HTDC.

 

EDB, FIN

HB 591

Status

RELATING TO THE CAPITAL INFRASTRUCTURE TAX CREDIT.

Includes structures, machinery, equipment, and capital assets in the definition of capital infrastructure costs for the Capital Infrastructure Tax Credit. Sets cap on credit per taxable year per qualified infrastructure tenant. Specifies that excess tax credits may be carried forward. Recaptures credit if qualified infrastructure tenant fails to relocate within a certain period of time after executing a lease with the Department of Transportation. Specifies taxpayer reporting requirements.

EDB, FIN

 

 

 

 

DECISION MAKING TO FOLLOW

 

Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing. Testimony should indicate:

     Testifier's name with position/title and organization;

     The Committee(s) to which the comments are directed;

     The date and time of the hearing; and

     Measure number.

 

While every effort will be made to incorporate all testimony received, materials received on the day of the hearing or improperly identified or directed, may be distributed to the Committee after the hearing.

 

Submit testimony in ONE of the following ways:

PAPER: 10 copies (including an original) to Room 310 in the State Capitol;

FAX: For testimony less than 5 pages in length, transmit to 808-586-8544 (Oahu) or 1-800-535-3859 (for Neighbor Islander without a computer to submit testimony through e-mail or the Web); or

WEB: For testimony less than 10MB in size, transmit from http://www.capitol.hawaii.gov/submittestimony.aspx.

 

Testimony submitted will be placed on the legislative website. This public posting of testimony on the website should be considered when including personal information in your testimony.

 

If you require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-6680 or email your request for an interpreter to HouseInterpreter@Capitol.hawaii.gov at least 24 hours prior to the hearing for arrangements. Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations.

 

Selected meetings are broadcast live. Check the current legislative broadcast schedule on the "Capitol TV" website at www.capitoltv.org or call 536-2100.

 

 

 

 

________________________________________

Rep. Mark M. Nakashima

Chair