THE SENATE
THE TWENTY-SIXTH LEGISLATURE
REGULAR SESSION OF 2011

COMMITTEE ON ECONOMIC DEVELOPMENT AND TECHNOLOGY
Senator Carol Fukunaga, Chair
Senator Glenn Wakai, Vice-Chair

COMMITTEE ON TOURISM
Senator Donna Mercado Kim, Chair
Senator Ronald D. Kouchi, Vice-Chair

MEASURES DEFERRED TO WEDNESDAY, FEBRUARY 16, 2011

DATE:

Wednesday, February 16, 2011

TIME:

1:15 PM

PLACE:

Conference Room 016
State Capitol
415 South Beretania Street

DECISION MAKING ON THE FOLLOWING MEASURE(S):

SB1550
Testimony

Status

RELATING TO TAX CREDITS.
Amends the motion picture, digital media, and film production tax credit to provide a designated income tax credit for certain qualifying counties.  Removes tax credit caps.  Provides an additional bonus for qualifying spending related to computer aided special or visual effects and animation.  Establishes a non-refundable tax credit with a carry forward period of up to ten years to encourage film production development in certain qualified counties.  Allows for a certain exemption from the transient accommodation tax for stays exceeding thirty days.  Permits certain production tax credits to be assigned.

EDT/TSM, WAM

No testimony will be accepted.

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

FOR FURTHER INFORMATION, PLEASE CONTACT THE COMMITTEE CLERK AT 808-586-6890.