New Film Bill Drafts Posted
1. HB1590, Relating to the Hawaii Film & Digital Media Industry
[Increases the refundable production tax credit]
A new draft of this bill, HD2, has just been posted. HD2 contains the following amendments:
(1) Blanking the tax credit percentages;
(2) Changing the effective date to July 1, 2099, to encourage further discussion; and
(3) Making technical, nonsubstantive amendments for clarity, consistency, and style.
Full text of HB1590, HD2
Committee Report 961 (summarizes bill and changes made, lists testifiers)
Status of HB1590, HD2
2. SB541, Relating to the Hawaii Film & Digital Media Industry
[Increases the refundable production tax credit]
A new draft of this bill, SD2, has just been posted. SD2 contains the following amendments:
(1) Moving the provisions that:
a. Establish certain types of reoccurring productions as separate productions with regard to qualifying for the tax credit; and
b. Require qualified productions to comply with applicable laws, spending thresholds, participation, and reporting requirements, out of the definition of "qualified production" and placed these provisions in the subsection that establishes the tax credit claim cap (proposed subsection (i)), since these provisions are substantive in nature;
(2) Changing the cap on tax credit claims from $8,000,000 to $1 per production (to encourage further discussion)
(3) Adding the provisions that require performing arts production businesses that claim the tax credit established under section 235-110.9 (Act 221), Hawaii Revised Statutes, to provide proof of the business' support of Hawaii schools' performing arts programs, the employment of Hawaii residents, and the use of in-state production facilities in the production of the business' qualifying performing arts product that are being added to the definition of a "qualified high technology business", to the reporting requirements of section 235-110.9(e), Hawaii Revised Statutes;
(4) Changing the effective date of the measure from July 1, 2005 to July 1, 2050 (to encourage further discussion); and
(5) Making technical and nonsubstantive amendments for the purposes of clarity and style.
Full text of SB541, SD2
Committee Report 881
Status of SB541, SD2
3. SB1304, Relating to Television & Film Industry Development
[Appropriates money to the Television & Film Development Special Fund for the creation of grants and loans for local filmmakers]
A new draft of this bill, SD2, has just been posted. SD2 contains the following amendments:
(1) Changing the appropriated amount to an unspecified amount for purposes of stimulating further discussion; and
(2) Making technical nonsubstantive amendments for style and clarity.
Full text of SB1304, SD2
Committee Report 887
Status of SB1304, SD2
[Increases the refundable production tax credit]
A new draft of this bill, HD2, has just been posted. HD2 contains the following amendments:
(1) Blanking the tax credit percentages;
(2) Changing the effective date to July 1, 2099, to encourage further discussion; and
(3) Making technical, nonsubstantive amendments for clarity, consistency, and style.
Full text of HB1590, HD2
Committee Report 961 (summarizes bill and changes made, lists testifiers)
Status of HB1590, HD2
2. SB541, Relating to the Hawaii Film & Digital Media Industry
[Increases the refundable production tax credit]
A new draft of this bill, SD2, has just been posted. SD2 contains the following amendments:
(1) Moving the provisions that:
a. Establish certain types of reoccurring productions as separate productions with regard to qualifying for the tax credit; and
b. Require qualified productions to comply with applicable laws, spending thresholds, participation, and reporting requirements, out of the definition of "qualified production" and placed these provisions in the subsection that establishes the tax credit claim cap (proposed subsection (i)), since these provisions are substantive in nature;
(2) Changing the cap on tax credit claims from $8,000,000 to $1 per production (to encourage further discussion)
(3) Adding the provisions that require performing arts production businesses that claim the tax credit established under section 235-110.9 (Act 221), Hawaii Revised Statutes, to provide proof of the business' support of Hawaii schools' performing arts programs, the employment of Hawaii residents, and the use of in-state production facilities in the production of the business' qualifying performing arts product that are being added to the definition of a "qualified high technology business", to the reporting requirements of section 235-110.9(e), Hawaii Revised Statutes;
(4) Changing the effective date of the measure from July 1, 2005 to July 1, 2050 (to encourage further discussion); and
(5) Making technical and nonsubstantive amendments for the purposes of clarity and style.
Full text of SB541, SD2
Committee Report 881
Status of SB541, SD2
3. SB1304, Relating to Television & Film Industry Development
[Appropriates money to the Television & Film Development Special Fund for the creation of grants and loans for local filmmakers]
A new draft of this bill, SD2, has just been posted. SD2 contains the following amendments:
(1) Changing the appropriated amount to an unspecified amount for purposes of stimulating further discussion; and
(2) Making technical nonsubstantive amendments for style and clarity.
Full text of SB1304, SD2
Committee Report 887
Status of SB1304, SD2
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posted by mynette at
10:10 AM
