THE SENATE

Part I extends the sunset date of the High Technology Innovation Corporation from 2013 to 2018 and changes the composition of the HTIC's board of directors. Part II establishes a workforce development training program that provides wage reimbursement for on-the-job training by entities who receive a motion picture, digital media, and film production tax credit; deletes internet-only distribution exclusion for advertising; clarifies definitions of qualified production costs; extends the sunset date of the tax credit to January 1, 2025; and appropriates funds for the training program. Part III establishes the public-private partnership authority (PPPA); requires the PPPA to initiate pilot projects; appropriates an unspecified sum for the PPPA; and repeals 07/01/2018. (Proposed SD1)

Copies of the proposed SD 1 are available from the Senate Document Center and on the Legislature's website: www.capitol.hawaii.gov.

EGH/TEC, WAM

HB 726, HD1

(HSCR658)

Status & Testimony

RELATING TO FILM AND DIGITAL MEDIA INDUSTRY DEVELOPMENT.

Extends the motion picture, digital media, and film production income tax credit until 2023. Increases the credit ceiling to an unspecified amount. Increases, by an unspecified amount, the credit per cent both in counties with a population above or below 700,000. (HB726 HD1)

EGH/TEC, WAM

RELATING TO FILM AND DIGITAL MEDIA INDUSTRY DEVELOPMENT.

Extends the motion picture, digital media, and film production income tax credit from 01/01/2016 to 01/01/2023. Repeals the credit ceiling per qualified production. Changes the credit amount from 15% to an unspecified amount in a county with a population over 700,000, and from 20% to an unspecified amount in a county with a population of 700,000 or less. Creates a tax credit for media infrastructure projects in West Oahu or the most populous island in a county with a population of 100,000 to 175,000, from 07/01/13 to 01/01/16. Provides for recapture of the media infrastructure project tax credit. Establishes a special fund for management of media infrastructure project tax credit. Establishes a special fund for management of media infrastructure project tax credits and related programs. Requires analysis and reporting by DOTAX on the effectiveness of the media infrastructure project tax credits and related programs. Requires analysis and reporting by DOTAX on the effectiveness of the media infrastructure project tax credit. (Proposed SD1)

Copies of the proposed SD 1 are available from the Senate Document Center and on the Legislature's website: www.capitol.hawaii.gov.

EGH/TEC, WAM

Decision Making to follow, if time permits.

Click here to submit testimony to the Senate Committee on Economic Development, Government Operations and Housing.

Testimony may be submitted up to 24 hours prior to the start of the hearing.

FOR AMENDED NOTICES: Measures that have been deleted are stricken through and measures that have been added are underscored. If a measure is both underscored and stricken through, that measure has been deleted from the agenda.

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FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT (808)586-7108.

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Senator Glenn Wakai

Chair

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Senator Donovan M. Dela Cruz

Chair