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Bill > HB1707


HI HB1707

HI HB1707
Relating To Income Tax Credits.


summary

Introduced
01/19/2024
In Committee
01/29/2024
Crossed Over
Passed
Dead
05/03/2024

Introduced Session

2024 Regular Session

Bill Summary

Amends the amount of total income tax credits available. Provides the State with alternative marketing opportunities in lieu of a shared-card, end-title screen credit.

AI Summary

This bill amends the existing income tax credit for the motion picture, digital media, and film production industry in Hawaii. It increases the tax credit percentage from 22% to 30% for qualified production costs incurred in any county of the state if 25% of the talent and crew paid are Hawaii residents. The bill also provides the state with alternative marketing opportunities, such as approving proposals from production companies that offer greater promotional value than the standard shared-card, end-title screen credit. The purpose is to stimulate the film industry in Hawaii and incentivize hiring local residents.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (5)

Last Action

Re-referred to ECD, FIN, referral sheet 5 (on 01/29/2024)

bill text


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