HI SB1086

Extends the motion picture, digital media, and film production income tax credit repeal date from January 1, 2019 to January 1, 2024, providing five additional years of availability for qualified productions.

Adds two new tax credit options for productions in counties with populations of 700,000 or less: 35 percent of qualified production costs if at least 55 percent of crew are local hires, or 10 percent of qualified payroll costs for local employees meeting residency and tax filing requirements.

Allows productions to offer alternative marketing opportunities approved by the Department of Business, Economic Development, and Tourism in place of the standard shared-card, end-title screen credit.

Requires productions to provide evidence of reasonable efforts to secure and use local products and services, and to demonstrate unavailable comparable local alternatives before acquiring services outside the state.

Mandates verification review by certified public accountants and enhanced reporting to the legislature on marketing opportunities approved for productions and whether they chose alternative marketing or standard credits.