HI HB1635

Expands Hawaii's Motion Picture, Digital Media, and Film Production Income Tax Credit to include streaming platform productions (like Netflix, Hulu) alongside traditional broadcast television productions.

Removes the exclusion for commercial advertisements with Internet-only distribution, making them eligible for the tax credit alongside TV and theatrical commercials.

Defines streaming platform series seasons as up to 8 episodes qualifying as a single production, compared to 22 episodes for broadcast television series.

Adds a statutory definition of "streaming platform" as an online provider delivering media content via internet connection to computers, televisions, or mobile devices.

Takes effect July 1, 3000 (placeholder date), applies to taxable years beginning after December 31, 2025, and automatically repeals on January 1, 2033.