RELATING TO SMALL BUSINESS TECHNOLOGY TRANSFER GRANTS.

Expands the high technology research and development loans and grants provided by the High Technology Development Corporation, to include matching grants for companies that receive small business technology transfer grants. Appropriates moneys for the expansion.

RELATING TO THE SPECIAL ADVISORY COUNCIL FOR TECHNOLOGY DEVELOPMENT.

Adds function to special advisory council for technology development to keep government informed of problems and barriers faced by private sector high technology businesses in operating in or entering the State to do business.

RELATING TO HIGH TECHNOLOGY.

Establishes the Hawaii instrument pool into which individuals and companies may donate usage of their high technology instrument. Allows qualified borrowers to use the instruments for their ventures and research. Establishes a tax credit for donating into the Hawaii instrument pool usage of "industry entry" high technology instruments that will help Hawaii's technology companies enter into new and emerging markets.

RELATING TO TAX CREDITS.

Stimulates the economy and generates local capital by providing a tax credit to computer manufacturers that purchase the rights to software made in the State.

RELATING TO THE IMPLEMENTATION OF MEDICAL INFORMATION TECHNOLOGY.

Provides a 200% tax credit for qualified medical information costs.

RELATING TO FILM INDUSTRY.

Expands the tax credit for motion picture and film production to include up to an unspecified amount of the costs of wages and salaries, capped at $25,000 per employee; includes commercials in motion picture and film production.

RELATING TO TAXATION.

Provides a tax credit for the purchase of motion picture and film, and television production and post-production equipment.

RELATING TO TAXATION.

Redefines performing arts products to include only digital computer generated animation films, and excludes entities claiming a tax credit under §235-17.

RELATING TO A FILM PRODUCTION/POST PRODUCTION/HAWAIIAN CULTURAL AND EDUCATIONAL FACILITY AND WAREHOUSE WITHIN OR NEAR HEEIA STATE PARK.

Appropriates funds to conduct a feasibility study for a public/private collaboration to establish a multi-use, film production/post production/Hawaiian cultural and educational facility and warehouse within or near Heeia state park.