HI SB2111

Extends the motion picture, digital media, and film production income tax credit from January 1, 2016 to January 1, 2025.

Increases the tax credit ceiling per qualified production from $8,000,000 to $16,000,000.

Restructures the credit calculation to separately account for wages and salaries at 15% for all counties, plus an additional 5% for wages paid to state residents and Hawaii vendors/suppliers.

Requires taxpayers to submit a written pledge of intent to comply with wage and vendor requirements when prequalifying for the additional 5% credit.

Requires the Department of Business, Economic Development, and Tourism to submit economic impact reports to the governor and legislature in 2015, 2020, and 2025 detailing job creation, out-of-state capital investment, and wage data.