SB318 Summary

• Enhances film production tax credits in Hawaii by increasing rates to 15% for counties over 700,000 population and 20% for smaller counties, effective immediately.

• Establishes a new qualified media infrastructure project tax credit of unspecified percentage for film and video production facilities with base investments exceeding an unspecified amount, limited to July 1, 2011 through December 31, 2015.

• Creates a qualified persons crew-training program rebate equal to an unspecified percentage of hourly wages for resident participants in film production jobs, up to an unspecified number of hours.

• Establishes digital media enterprise subzones within a specified mile radius of University of Hawaii campuses located in existing enterprise zones, with a separate tax credit for digital media infrastructure projects in these zones (limited to UH-West Oahu through June 30, 2013).

• Restructures the Hawaii Film Office board and special fund to support film industry development through grants, venture capital investments, and operational costs.