HI HB1038

Extends the sunset date for the motion picture, digital media, and film production income tax credit from January 1, 2019, to January 1, 2026.

Requires taxpayers claiming the tax credit to submit an independent certification of qualified production costs in the form of a tax opinion that meets Treasury Circular 230 standards.

Maintains the existing requirement for taxpayers to submit a written, sworn statement identifying qualified production costs, tax credits claimed, and hiring information by county within 90 days of the end of each taxable year.

Specifies that failure to comply with the certification and reporting requirements constitutes a waiver of the right to claim the credit.