Bill > SB618

This bill amends Section 235-17 of Hawaii Revised Statutes to add a new requirement for the Department of Business, Economic Development, and Tourism (DBEDT) regarding the motion picture, digital media, and film production income tax credit. Specifically, the bill requires DBEDT to publish on its website the names of qualified productions and the amount of tax credits certified for each production per filing year. This is in addition to the department's existing responsibilities, which include maintaining records of taxpayers claiming the credits, obtaining total qualified production costs, providing a letter to the tax director specifying credit amounts, and submitting a detailed report to the legislature. The new provision aims to increase transparency by making information about film production tax credits publicly accessible. The bill will apply to taxable years beginning after December 31, 2024, which means the new reporting requirement will first take effect for the 2025 tax year.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=618&year=2026