THE SENATE

THE TWENTY-SIXTH LEGISLATURE

REGULAR SESSION OF 2012

 

COMMITTEE ON ECONOMIC DEVELOPMENT AND TECHNOLOGY

Senator Carol Fukunaga, Chair

Senator Glenn Wakai, Vice Chair

 

AMENDED NOTICE OF HEARING

 

 

DATE:

Monday, February 6, 2012

TIME:

1:15pm  1:30 p.m.

PLACE:

Conference Room 016

State Capitol

415 South Beretania Street

 

A M E N D E D  A G E N D A

 

 

 

SB 2111

      Status & Testimony

RELATING TO FILM AND DIGITAL MEDIA INDUSTRY DEVELOPMENT.

Increases the motion picture, digital media, and film production income tax credit to twenty-five per cent of qualified production costs for any county with a population over 700,000 and thirty per cent of qualified production costs for all other counties; increases the total tax credit cap to $16,000,000; applies to qualified production costs incurred on or after January 1, 2012, and before January 1, 2027; repeals on January 1, 2027.

 

EDT, WAM

SB 2741

      Status & Testimony

RELATING TO CREATIVE MEDIA DEVELOPMENT.

Amends section 235-17, Hawaii Revised Statutes, by expanding the definitions of qualified productions to include animation or special and visual effects and productions for internet distribution and providing the sunset date for the tax credit as amended by this Act as January 1, 2020.

 

EDT, WAM

SB 2462

      Status & Testimony

RELATING TO TAXATION.

Establishes a motion picture, digital media, and film production infrastructure tax credit of fifty per cent of qualified infrastructure costs; requires qualified expenditure of at least $10,000,000; provides for an annual payment to the department of business, economic development, and tourism Hawaii film office equal to one per cent of the tax credit received by the taxpayer; provides for a 100 per cent recapture of the tax credit if the facilities are no longer used for a qualified activity; applies to taxable years beginning after 12/31/2011.

 

EDT, WAM

SB 2043

      Status & Testimony

RELATING TO BUSINESS DEVELOPMENT IN HAWAII.

Amends the motion picture, digital media, and film production tax credits to increase the tax credits to unspecified percentages and dollar amounts and to provide additional non-refundable tax credits for qualified media infrastructure projects in certain qualifying counties; provides an additional tax credit for qualified special or visual effects and animation production costs; raises the tax credit caps to unspecified amounts.

 

EDT, WAM

SB 2461

      Status & Testimony

RELATING TO DIGITAL MEDIA INDUSTRY DEVELOPMENT.

Amends chapter 201, part IX, Hawaii Revised Statutes, to change all references to Hawaii television and film development to Hawaii film and digital media development; deletes the venture capital program; increases the Hawaii film and digital media development board from nine to eleven members; authorizes moneys received from international and national sources to be deposited into the Hawaii film and digital media development special fund; makes additional conforming amendments.

 

EDT, WAM

 

Decision Making to follow, if time permits.

 

Click here to submit testimony to the Senate Committee on Economic Development and Technology.

 

Testimony may be submitted up to 24 hours prior to the start of the hearing.

 

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.

 

If you require auxiliary aids or services to participate in the public hearing process (i.e. ASL or foreign language interpreter, or wheelchair accessibility), please contact the committee clerk at least 24 hours prior to the hearing so that arrangements can be made.

 

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6788.

 

 

 

 

 

_____________________________________

Senator Carol Fukunaga

Chair