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HI HB698

Bill

Status

Introduced

1/24/2013

Primary Sponsor

Joseph Souki

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Increases motion picture and film production income tax credits from 15-20% to 20-25% of qualified production costs, depending on county population.

  • Adds a 5% work credit for qualified productions that film at least 50% of principal photography or 9+ consecutive TV episodes in Hawaii.

  • Adds a 10% infrastructure incentive credit for productions that build and film at qualified production facilities (minimum 1-2 weeks depending on budget).

  • Establishes a crew training and advancement program rebate covering 50% of hourly wages for qualified resident trainees (up to 900 hours per person), requiring minimum 5 trainees per production.

  • Introduces application fee requirement equal to 0.5% of production costs (capped at $75,000) to fund the training program and film commission, and raises the per-production tax credit cap from $8,000,000 to $25,000,000.

  • Sunsets on January 1, 2018.

Legislative Description

Motion Picture, Digital Media, and Film Production Income Tax Credit

Last Action

The committee(s) on EDB recommend(s) that the measure be deferred.

2/12/2013

Committee Referrals

Economic Development & Business1/28/2013
Finance1/24/2013

Full Bill Text

No bill text available