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HI HB698
Bill
Status
1/24/2013
Primary Sponsor
Joseph Souki
Click for details
AI Summary
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Increases motion picture and film production income tax credits from 15-20% to 20-25% of qualified production costs, depending on county population.
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Adds a 5% work credit for qualified productions that film at least 50% of principal photography or 9+ consecutive TV episodes in Hawaii.
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Adds a 10% infrastructure incentive credit for productions that build and film at qualified production facilities (minimum 1-2 weeks depending on budget).
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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.
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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.
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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