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HI SB2043
Bill
Status
1/18/2012
Primary Sponsor
Shan Tsutsui
Click for details
AI Summary
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Expands the motion picture, digital media, and film production income tax credit to include special/visual effects, animation, and qualified media infrastructure projects.
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Increases tax credit percentages for qualified productions (specific percentages left blank in draft) and establishes non-refundable tax credits for qualified media infrastructure projects from July 1, 2012 through December 31, 2016.
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Adds new tax credit for qualified special or visual effects and animation production costs as supplemental to existing production credits.
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Establishes qualified local crew training program rebate equal to an unspecified percentage of hourly wages for resident participants, capped at unspecified hours worked.
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Removes the $8,000,000 per-production tax credit cap for qualified productions while implementing a new aggregate cap (amount unspecified) for qualified media infrastructure project credits.
Legislative Description
Business Development in Hawaii; Motion Picture, Digital Media, and Film Production Tax Credits; Maui County Council Package
Last Action
(S) The committee(s) on EDT recommend(s) that the measure be HELD. The votes in EDT were as follows: 4 Aye(s): Senator(s) Fukunaga, Wakai, Baker, Solomon; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Slom.
2/15/2012