STAND. COM. REP. NO.  1119

 

Honolulu, Hawaii

                , 2023

 

RE:   H.B. No. 1373

      H.D. 2

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1373, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO WORKFORCE DEVELOPMENT,"

 

begs leave to report as follows:

 

     The purpose of this measure is to require the Department of Business, Economic Development, and Tourism to administer a workforce development incentive rebate program to provide rebates, in lieu of motion picture, digital media, and film production income tax credits, to eligible employers based on Hawaii W-2 wages paid for certain filming work.

 

     Your Committee received testimony in support of this measure from the Department of Research and Development of the County of Hawaii; ‘Ohina; SAG-AFTRA; Hawaii Media Inc.; International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts of the United States, Its Territories and Canada, AFL-CIO, CLC Local 665; Island Film Group; and three individuals.  Your Committee received comments on this measure from the Department of Business, Economic Development, and Tourism; Department of Taxation; and one individual.

 

     Your Committee has amended this measure by:

 

     (1)  Changing the rebate amount equal to the percentage of certain Hawaii W-2 wages paid; rebate cap per employee; and aggregate cap per eligible employer to an unspecified percentage or amount, as applicable; and

 

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

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1373, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1373, H.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

KYLE T. YAMASHITA, Chair