STAND. COM. REP. NO. 896
Honolulu, Hawaii
, 2017
RE: H.B. No. 590
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Ninth State Legislature
Regular Session of 2017
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 590, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE CREATIVE MEDIA INDUSTRY,"
begs leave to report as follows:
The purpose of this measure is to:
(1) Establish a Hawaii Creative Industries Advisory Group within the Department of Business, Economic Development, and Tourism (DBEDT) to support the development of the creative and media industries;
(2) Repeal the inactive Hawaii Television and Film Development Board and its grant and venture capital programs;
(3) Rename the Hawaii Television and Film Development Special Fund to the Creative Media and Film Infrastructure Special Fund;
(4) Broaden the sources of revenue for the Creative Media and Film Infrastructure Special Fund;
(5) Amend the purposes for which the Creative Media and Film Infrastructure Special Fund may be used to enable DBEDT to fulfill its statutory and business development duties regarding the creative industries, film, and media programs, and appropriate monies into and out of the special fund for these purposes; and
(6) Provide a general excise tax exemption for amounts received from the operations and improvements of the Hawaii Film Studio and a use tax exemption for materials, parts, or tools that are imported or purchased by a person licensed under chapter 237, Hawaii Revised Statutes, and used for the Hawaii Film Studio.
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 H.B. No. 590, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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