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HI SB1029
Bill
AI Summary
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Amends Hawaii's motion picture, television, and digital media tax credit statute to include television and digital media production in the section title.
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Removes the exclusion for Internet-only distribution from the definition of "commercial" advertising productions, allowing such productions to qualify for tax credits.
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Increases the maximum tax credit cap per qualified production from $8,000,000 to $12,000,000.
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Clarifies that qualified production costs exclude state and county facility and location fees that are not subject to Hawaii general excise tax or state income tax.
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Extends the sunset date for the tax credit program from January 1, 2016 to January 1, 2025.
Legislative Description
Creative Media Development; Tax Credit
Last Action
The committee on EGH deferred the measure.
2/8/2013