HI SB2167

Establishes a film infrastructure income tax credit allowing taxpayers to claim a credit equal to an unspecified percentage of eligible infrastructure costs incurred in Hawaii, deductible from net income tax liability.

Defines eligible infrastructure costs to include buildings, facilities, equipment for film and digital production facilities, project development costs, and production equipment, provided costs are subject to general excise or income tax and not previously financed through other credits.

Requires film infrastructure projects to prequalify with the Department of Business, Economic Development, and Tourism (DBEDT), apply within 90 days of incurring expenses, and meet a minimum cost threshold to qualify for the credit.

Sets an annual aggregate cap on total credits (amount unspecified in bill) with excess applications carried forward to the next three taxable years; excess credits over tax liability may be carried forward to subsequent years until exhausted.

Appropriates unspecified funds to DBEDT's Creative Industries Division to establish two full-time exempt staff positions with expertise in infrastructure and public-private partnerships to administer the program; effective October 18, 2050.