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Relativity-Backed Hawaii Tax Credit Bill Stalls in State Legislature

4:59 PM PDT 5/3/2011 by Alex Ben Block

Relativity and the Shangri-La business group promised to spend almost $400 million to build new studio facilities in the state if the bill passed.

A bill that would have boosted the tax credit for film and TV productions shot in Hawaii and was the lynchpin to a plan to build two new movie studios in the state has stalled in a legislative conference committee and is dead for this year’s legislative session.

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