STAND. COM. REP. NO.  1646-08

Honolulu, Hawaii

                , 2008

RE:   S.B. No. 3030

      S.D. 2

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 3030, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO MIXED MARTIAL ARTS,"

begs leave to report as follows:

     The purpose of this bill is to provide financial resources for the regulation of mixed martial arts (MMA) contests by:

     (1)  Increasing the license fee imposed on gate receipts of professional MMA contests beginning in fiscal year 2009-2010;

     (2)  Clarifying that the two percent fee on gross receipts from telecasts of an event includes pay-per-view telecasts and is not restricted to telecasts in Hawaii; and

     (3)  Requiring each MMA promoter to pay an additional surcharge fee for fiscal years 2007-2008 and 2008-2009 to cover the cost of implementing the Mixed Martial Arts Contests Law under Chapter 440E, Hawaii Revised Statutes.

     The Department of Commerce and Consumer Affairs commented on this bill.

     Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity, consistency, and style.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3030, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 3030, S.D. 2, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair