summary
Introduced
01/19/2024
01/19/2024
In Committee
01/29/2024
01/29/2024
Crossed Over
Passed
Dead
05/03/2024
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
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1707&year=2024 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2024/bills/HB1707_.HTM |
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