HI HB1941

Adds new qualification requirements for Hawaii's Motion Picture, Digital Media, and Film Production Income Tax Credit, requiring productions to complete at least 15% of principal photography in the State within the same taxable year they qualify for the credit.

Requires productions to complete at least 15% of post-production in Hawaii within the same taxable year, or commit to completing this requirement in later taxable years if unable to meet the deadline.

Maintains existing qualification requirements including minimum $100,000 in qualified production costs, providing Hawaii promotional credits, demonstrating efforts to hire local talent and crew, and contributing to local workforce development.

Applies to taxable years beginning after December 31, 2026, with the amendments set to repeal on January 1, 2033, coinciding with the sunset date of the underlying film tax credit program.