HI SB2790

Extends the sunset date of the motion picture, digital media, and film production income tax credit from January 1, 2019 to January 1, 2024, providing an additional five years of tax incentive availability.

Applies the extended credit to qualified production costs incurred before January 1, 2024, allowing productions in development and preproduction phases to remain viable under the credit.

Requires the Department of Business, Economic Development, and Tourism to submit an annual report to the legislature detailing the activities and expenditures of the tax credit until it expires.

Aims to maintain Hawaii's competitiveness in attracting film productions by providing economic incentive predictability and stability for the film industry.

Takes effect on July 1, 2016.