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HI HB2075
Bill
Status
1/21/2020
Primary Sponsor
Gene Ward
Click for details
AI Summary
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Increases the annual cap on the motion picture, digital media, and film production income tax credit under Hawaii Revised Statutes Section 235-17(l) from $50,000,000 (specific new amount not filled in the bill text)
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Allows excess tax credits applied for in any year that exceed the annual cap to roll over and be claimed in the subsequent year, provided no excess may be claimed after December 31, 2025
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States the legislature's intent to support Hawaii's film industry as part of economic diversification and job creation while promoting Hawaii as a visitor destination
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Takes effect on July 1, 2112
Legislative Description
Relating To Film Tax Credit.
Economic Development
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Holt, Takayama excused (2).
2/14/2020