STAND. COM. REP. NO. 410-22

Honolulu, Hawaii

, 2022

RE: H.B. No. 2086

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Economic Development, to which was referred H.B. No. 2086 entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII FILM AND CREATIVE INDUSTRIES DEVELOPMENT SPECIAL FUND,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Expand funding sources and authorized uses of the Hawaii Film and Creative Industries Development Special Fund; and

(2) Appropriate funds.

Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism. Your Committee received comments on this measure from the Tax Foundation of Hawaii.

Your Committee finds that the Hawaii Film and Creative Industries Development Special Fund (Special Fund) supports the film, media, and creative industries in the State. This measure would expand the authorized uses of the Special Fund to ensure that there are significant economic benefits for the State from the film and creative industries.

Your Committee has amended this measure by:

(1) Changing the effective date to October 18, 2050, to encourage further discussion; and

(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Economic Development that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2086, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2086, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development,

____________________________

SEAN QUINLAN, Chair