HI SB1132

Establishes digital media enterprise subzones as geographic areas within an unspecified radius of University of Hawaii campuses located in existing enterprise zones, with initial limitation to University of Hawaii-West Oahu through June 30, 2013.

Creates a digital media enterprise subzone workforce development income tax credit equal to an unspecified percentage of wages paid to Hawaii resident animation and visual effects personnel by qualified businesses.

Requires qualified animation or visual effects businesses to maintain at least $200,000 in qualified labor costs annually, provide evidence of hiring efforts for Hawaii residents, and submit annual sworn statements to the Department of Business, Economic Development, and Tourism.

Renames the Hawaii Television and Film Development Board and Special Fund to the Hawaii Film Office Board and Special Fund, and restores grant and venture capital investment programs for eligible Hawaii film projects.

Tax credit provisions sunset on June 30, 2021, while fund restructuring becomes permanent on July 1, 2021.