HI SB795

Amends Section 235-17, Hawaii Revised Statutes, to modify requirements for the Motion Picture, Digital Media, and Film Production Income Tax Credit.

Changes compliance requirement from "be compliant" to "provide evidence of reasonable efforts to comply" with all applicable requirements under title 14, including tax return filing and payments.

Requires taxpayers to receive notice of any failure to meet credit requirements and be given 30 days to cure such failures before credit denial.

Clarifies that the cure provision does not waive any act required by the statute.

Takes effect on January 1, 2025.