STAND. COM. REP. NO. 612-12
Honolulu, Hawaii
, 2012
RE: H.B. No. 1758
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Sixth State Legislature
Regular Session of 2012
State of Hawaii
Sir:
Your Committee on Economic Revitalization & Business, to which was referred H.B. No. 1758 entitled:
"A BILL FOR AN ACT RELATING TO BUSINESS DEVELOPMENT IN HAWAII,"
begs leave to report as follows:
The purpose of this measure is to encourage business development in the State by providing enhanced incentives that attract more film and television productions to Hawaii, which will generate increased tax revenues.
Your Committee has amended this measure by:
(1) Deleting its contents and replacing them with language that authorizes the Director of Business, Economic Development, and Tourism to issue revenue bonds for qualified media infrastructure projects; and
(2) Changing the effective date of this measure to July 1, 2112, for the purposes of facilitating further discussion.
As affirmed by the record of votes of the members of your Committee on Economic Revitalization & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1758, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1758, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Revitalization & Business,
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____________________________ ANGUS L.K. McKELVEY, Chair |
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