HI SB1086

Extends the motion picture, digital media, and film production income tax credit sunset date from January 1, 2019 to January 1, 2024 to provide stability for the film industry.

Adds two new tax credit options for qualified 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 payroll costs for local employees meeting specific residency requirements.

Requires productions claiming credits to provide either a shared-card end-title screen credit or alternative marketing opportunities approved by the Department of Business, Economic Development, and Tourism.

Mandates evidence that productions made reasonable efforts to hire local talent and to secure products and services locally before acquiring them outside Hawaii.

Requires a verification review by a certified public accountant for all tax credit claims and establishes new reporting requirements for the Department of Business, Economic Development, and Tourism to track approved marketing opportunities.