Bill > SB2580

This bill increases the motion picture, digital media, and film production income tax credit to 27% of qualified production costs (expenses related to making a film or show) in counties with over 700,000 people and to 32% in counties with 700,000 or fewer people, with these higher rates applying to costs incurred after December 31, 2025. It also requires taxpayers claiming this credit to submit an independent third-party certification, provided by a certified public accountant, to verify production costs and other claimed information to the Department of Business, Economic Development, and Tourism. The bill removes a per-production cap of $17,000,000 for productions that spend at least $60,000,000, changes the overall annual cap on credits to an unspecified amount, and extends the program's repeal date to January 1, 2038. Additionally, it defines "streaming platform" and expands the definition of "qualified production" to include certain productions for these platforms, such as broadcast television or streaming platform series pilots and single seasons. The bill takes effect on July 1, 2050.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2580&year=2026