HI HB882

Increases the annual aggregate cap for motion picture, digital media, and film production income tax credits from $50,000,000 to $100,000,000.

Increases the per-production tax credit cap from $17,000,000 to $25,000,000.

Adds a new 30% tax credit option for qualified productions where 25% of talent and crew are Hawaii residents, in addition to the existing 22% and 27% credit rates.

Allows productions to satisfy the Hawaii promotion requirement through alternative marketing opportunities approved by the Department of Business, Economic Development, and Tourism instead of requiring a shared-card, end-title screen credit.

Requires the department to report to the legislature on approved alternative marketing opportunities and production companies' credit choices, effective for taxable years beginning after December 31, 2025.