HI HB874

Parents or legal guardians of minors in theatrical employment must establish a trust account with an independent third-party trustee before the minor's first employment.

Employers must deposit at least 15% of a minor's gross earnings into the trust account until the minor reaches the age of majority or is emancipated.

Requirements apply when a minor's gross income reaches $5,000 for a single project or $20,000 in a calendar year.

Misappropriation or fraudulent use of trust account funds by parents, guardians, or trustees constitutes a breach of fiduciary duty subject to civil penalties, criminal prosecution, and removal from trustee position.

"Theatrical employment" includes modeling, dancing, singing, music, social media influencing, entertainment, and work in motion pictures, television, radio, or theatrical performances.