THE SENATE
THE THIRTY-FIRST LEGISLATURE
REGULAR SESSION OF 2021
AMENDED NOTICE
MEASURES DEFERRED TO FRIDAY,
MARCH 19, 2021
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DATE:
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Friday, March 19, 2021
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TIME:
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3:00 p.m.
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PLACE:
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Conference Room 224 & Videoconference
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THE STATE CAPITOL IS CLOSED TO THE PUBLIC DURING THE ONGOING
COVID-19 PANDEMIC
A live stream of all Senate Standing Committee meetings will be
available on the Senate YouTube
Channel.
Click here
for more information about Live and On-Demand Video options.
DECISION MAKING ON
THE FOLLOWING MEASURE(S):
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HB 1174, HD1
(HSCR819)
Status & Testimony
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RELATING TO TAXATION.
Amends the motion picture, digital media, and film
production income tax credit by: (1) Reducing the cap amount and aggregate
cap amount of the credit; (2) Establishing a maximum amount of above-the-line
costs that may be used to claim the credit; (3) Reducing the minimum amount
of qualified productions costs needed to claim the credit; (4) Requiring
qualified production costs to be incurred through a qualified vendor; and
(5) Requiring at least seventy-five per cent of a qualified production to be
filmed in the State if the taxpayer claims a credit in excess of $5,000,000
in a single taxable year. Defines "above-the-line costs" and
"qualified vendor". Extends the repeal date of the tax credit from
1/1/2026 to 1/1/2033. Effective 7/1/2050. (HD1)
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EET, WAM
[Deleted on
03-17-21]
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No
testimony will be accepted.
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.
FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 808-586-8585.
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_____________________________________
Senator Glenn Wakai
Chair
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