STAND. COM. REP. NO.783-02

Honolulu, Hawaii

, 2002

RE: S.B. No. 3021

S.D. 2

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Economic Development and Business Concerns, to which was referred S.B. No. 3021, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO MOTION PICTURE AND FILM PRODUCTION,"

begs leave to report as follows:

The purpose of this bill is to expand the tax credit for motion picture and film production to include up to an unspecified percentage of the costs of wages and salaries, capped at $25,000 per employee, and to include commercials in motion picture and film production.

A member of the Maui County Council, Hawaii Consortium for the Arts, Screen Actors Guild Hawaii Branch, and Hawaii Island Economic Development Board testified in support of this measure. The Department of Business, Economic Development, and Tourism and Hawaii Film Authority, Inc. testified in support of the intent of this measure.

The Department of Taxation and Department of Budget and Finance opposed this measure. The Tax Foundation of Hawaii submitted comments.

As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3021, S.D. 2, and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

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

 

____________________________

LEI AHU ISA, Chair