HB 1156 Summary

• Removes the $15,000,000 annual cap per qualified production for the motion picture, digital media, and film production income tax credit.

• Eliminates the $50,000,000 total annual limit on all tax credits claimed under this section, allowing excess claims to carry forward without the December 31, 2025 deadline.

• Maintains existing credit rates of 20% for counties with population over 700,000 and 25% for counties with population of 700,000 or less on qualified production costs.

• Keeps all other eligibility requirements intact, including minimum $200,000 qualified production costs, Hawaii promotion requirements, and local hiring and sourcing efforts.

• Intended to make Hawaii more competitive with other states and countries offering higher or uncapped film production incentives.