Bill > HB2568

This bill, effective July 1, 3000, and applying to taxable years beginning after December 31, 2026, with a repeal date of January 1, 2033, aims to bolster Hawaii's film industry by increasing the fee associated with the Motion Picture, Digital Media, and Film Production Income Tax Credit from 0.2% to 1% of the claimed credit. A significant portion, eighty percent, of the funds collected from this increased fee will be specifically allocated to support the "vertical film industry," which refers to video content shot and presented in a portrait orientation, typically for smartphone viewing, by funding activities like set building, grants, training, and equipment access. Furthermore, the bill expands the funding sources for the Hawaii Film and Creative Industries Development Special Fund, a state fund dedicated to supporting the film industry, to include all revenues, fees, and income generated by the Department of Business, Economic Development, and Tourism from managing public facilities like the Hawaii Film Studio.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2568&year=2026