HB 312 Summary

• Requires University of Hawaii, West Oahu campus to establish and award a Bachelor of Arts degree in creative media by spring semester 2020, with approval from the Western Senior College and University Commission.

• Removes the annual $35,000,000 cap on the motion picture, digital media, and film production income tax credit and extends the credit's repeal date from January 1, 2026 to January 1, 2033.

• Appropriates unspecified funds for fiscal years 2019-2020 and 2020-2021 to support the University of Hawaii creative media program and strengthen the pipeline to the creative media industry.

• Requires University of Hawaii, West Oahu campus to transfer a 30-acre parcel of land at Farrington Highway and Kapolei Golf Course Road to the Hawaii Technology Development Corporation by December 31, 2020.

• Makes the film tax credit changes contingent upon successful transfer of the land parcel; if the transfer contract is not executed by December 31, 2020, the Act repeals January 1, 2021.