HI HB2869

Establishes the Hawaii film and digital media special fund receiving quarterly payments equal to 2% of total wages and salaries paid to legal state residents by qualified productions and infrastructure projects.

Increases the motion picture, digital media, and film production income tax credit cap from $8,000,000 to $16,000,000 per qualified production and adds a 10% credit for qualified production costs paid to legal residents and Hawaii vendors/suppliers.

Creates a new motion picture, digital media, and film production infrastructure tax credit equal to 50% of qualified infrastructure costs with a $25,000,000 cap per project.

Repeals part IX of chapter 201, Hawaii Revised Statutes relating to Hawaii television and film development and removes the sunset date of July 1, 2016 for the motion picture tax credit.

Requires the Department of Business, Economic Development, and Tourism to contract with the Hawaii Tourism Authority for a film and digital media implementation plan and appropriates funds for new department positions to handle expanded workload.