Hawaii State Legislature
2006 Legislative Session

SB2384

Generated on 9/19/2006 9:26:51 AM

Measure Title: RELATING TO PERFORMING ARTS BUSINESSES.
Report Title: Taxes; investment tax credits
Description: Allows for the transfer of high technology business investment tax credits for performing arts qualified high technology businesses (QHTBs). Establishes a program by which the state could buy back tax credits from these QHTBs at deeply discounted rate: 20% of the face value of the credits distributed over 5 years. Requires performing arts QHTBs using this program to contribute .5 percent of their aggregate qualified investments per year to the Hawaii television and film development special fund.
Package: Governor
Companion:HB2421
Introducer(s): BUNDA (BR)
Current Referral:MAT, WAM

Date Status Text
1/25/2006SIntroduced and passed First Reading.
1/27/2006SReferred to MAT, WAM.
1/31/2006SThe committee(s) on MAT has scheduled a public hearing on 02-02-06 at 1:15 pm in conference room 225.
2/2/2006SThe committee on MAT deferred the measure until 02-07-06 at 1:15 pm in conference room 225.
2/7/2006SThe committee(s) on MAT recommend(s) that the measure be HELD. The votes in MAT were as follows: 3 Aye(s): Senator(s) Fukunaga, Ihara, Hogue; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Ige, English.

$ = Appropriation measure
ConAm = Constitutional Amendment