HI HB2294

Establishes a per-taxpayer annual cap on digital media tax credits claimed (specific amount left blank in bill text).

Requires qualified media productions to provide financial or in-kind contributions totaling a minimum amount (unspecified in bill) to local industry labor organizations or educational institutions for film, television, and digital media workforce development.

Maintains existing $8,000,000 cap on total tax credits per individual qualified production.

Authorizes the Department of Labor and Industrial Relations to develop and operate media production training programs under guidance of an advisory group including University of Hawaii, the creative industries division, and trade unions.

Effective upon approval, with tax credit provisions applying to taxable years beginning after December 31, 2012.