HI SB463

Extends the Motion Picture, Digital Media, and Film Production Income Tax Credit from expiring January 1, 2016 to January 1, 2025.

Removes the Internet-only distribution exclusion for qualifying digital media productions, allowing digital media with Internet distribution to qualify for tax credits.

Clarifies that qualified production costs exclude state and county facility and location fees that are not subject to general excise tax or state income tax.

Requires the Department of Business, Economic Development, and Tourism to submit annual reports to the legislature detailing tax credit administration costs, personnel expenses, and cumulative tax credits granted for each production.

Restructures the definition of excluded qualified productions by converting list format to lettered subparagraphs (A) through (G) and removes the "daily news" exclusion, replacing it with broader "news" exclusion.