STAND. COM. REP. NO. 3139

Honolulu, Hawaii

RE: S.B. No. 3054

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 3054 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 and intent of this measure is to support the State's creative industries.

Specifically, this measure:

(1) Expands the sources of funding for and authorized uses of the Hawaii film and creative industries development special fund by;

(A) Establishing that, effective July 1, 2022, all revenues, fees, and income received by the Department of Business, Economic Development, and Tourism from its management of public facilities that support media and entertainment and business development, except for revenues, fees, and income derived from the Hawaii Film Studio, shall be deposited into the special fund; and

(B) Authorizing the use of special fund moneys for the repair, maintenance, and related costs of the department's management of such facilities; and

(2) Appropriates moneys from the Hawaii film and creative industries development special fund.

Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism and Academy for Creative Media of the University of Hawaii at Manoa.

Your Committee received written comments on this measure from the Tax Foundation of Hawaii.

Your Committee finds that establishing an additional revenue source for the Hawaii film and creative industries special fund will help to sustainably support the State's creative media and entertainment sectors and maintain public facilities used in the creative industries.

Your Committee has amended this measure by:

(1) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

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

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3054, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 3054, S.D. 1.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair