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HI HB932

Bill

Official Source

Status

Introduced

1/25/2023

Primary Sponsor

Rachele Fernandez Lamosao

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Amends Section 235-17(n) of Hawaii Revised Statutes to change the annual cap on motion picture, digital media, and film production income tax credits from $50,000,000 to an unspecified amount (left blank in the bill text).
  • Maintains existing provisions allowing excess tax credit applications to carry forward to subsequent years, with a deadline of December 31, 2032 for claiming any carryover amounts.
  • Takes effect on June 30, 3000 (note: this appears to be a drafting error, as the year 3000 is likely not the intended effective date).

Legislative Description

Relating To The Motion Picture, Digital Media, And Film Production Income Tax Credit.

Taxation

Last Action

Carried over to 2024 Regular Session.

12/11/2023

Committee Referrals

Finance2/15/2023
Economic Development1/30/2023

Full Bill Text

No bill text available