Rep. Daniel Holt

Beginning 1/1/2024, requires the Department of Business, Economic Development, and Tourism to administer a Workforce Development Incentive Rebate Program that incentivizes local independent film and television productions. Establishes a new Film Studio Tax Credit. Amends the administration of the Motion Picture, Digital Media, and Film Production Income Tax Credit by increasing the tax credit cap from $50,000,000 to $75,000,000 for calendar year 2024 and eliminating the ability for credits exceeding the tax cap to be allowed to be claimed after December 31, 2024. Appropriates funds. (SD2)

Extends under certain conditions, the family leave period for up to eight weeks for employees who are unable to perform their employment duties due to the birth of a child who is required to stay in a neonatal intensive care unit. Requires the Civil Rights Commission to amend its rules to include neonatal care as a related medical condition wherever the phrase "pregnancy, childbirth, or other related condition" or any similar phrase is used. Effective 6/30/2032. (SD2)

Establishes the Aerospace and Aeronautics Development Program within the Department of Business, Economic Development, and Tourism. Takes effect 1/1/2060. (SD1)

Adds a cap for the amount of tax credits for research activities that an eligible taxpayer and the taxpayer's related entities may receive per taxable year. Consolidates the survey and certification requirements for tax credits for research activities. Amends the annual aggregate cap on tax credits for research activities that the Department of Business, Economic Development, and Tourism may certify. Requires certification of the tax credits for research activities on a first-come, firstserved basis to be based on the date that a complete application is received, subject to certain conditions. Extends from December 31, 2024 to December 31, 2029, the sunset date for tax credits for research activities. Effective 7/1/2050. (SD2)

Establishes the Accessory Dwelling Unit Loan Program under the Hawaiʻi Housing Finance and Development Corporation to provide loans for the development of accessory dwelling units. Appropriates funds. Declares that the general fund expenditure ceiling is exceeded. Takes effect 7/1/2050. (SD1)

Amends the definition of "eligible business activity" to include the processing of value-added agricultural products grown within an enterprise zone and the development or production of renewable energy. Effective 7/1/2050. (SD1)

Establishes the State Fire Marshal within the Department of Labor and Industrial Relations to direct fire protection efforts statewide. Appropriates funds. Declares that the general fund expenditure ceiling is exceeded. Effective 7/1/3000. (SD1)

Appropriates funds to DLNR for operating expenses, equipment, the establishment of positions, and capital improvement projects to support wildfire emergency response. Effective 7/1/3000. (HD2)

Establishes a refundable Family Caregiver Tax Credit for nonpaid family caregivers. Requires the Department of Taxation to report to the Legislature before the convening of each Regular Session. Effective 7/1/3000. (HD2)

Appropriates funds into and out of the Rental Housing Revolving Fund to provide loans or grants for mixed-income rental projects or units in mixed-income rental projects for qualifying individuals and families. Appropriates funds for an unspecified number of finance specialist positions to assist with these loans and grants. Declares that the general fund expenditure ceiling is exceeded. Effective 7/1/3000. (SD1)