HI HB2228

Creates a nonrefundable film infrastructure tax credit equal to a percentage of eligible infrastructure costs (percentage amount not specified in bill text).

Requires taxpayers to invest a minimum amount (unspecified) in qualified film infrastructure projects to claim the credit against net income tax liability.

Eligible infrastructure costs include buildings, facilities, equipment for film/video/digital production facilities, project development, consulting fees, and production equipment.

Requires taxpayers to register with the Department of Business, Economic Development, and Tourism during development stage and apply for a tax credit certificate within 90 days of first expenses, with project completion audit required before credit issuance.

Caps total annual tax credits at an unspecified amount, with excess applications carried forward to the next three taxable years; effective October 18, 2050 for taxable years beginning after December 31, 2021.