HI HB882

Increases the maximum tax credit per qualified film/TV/digital media production from $17,000,000 to $25,000,000

Raises the annual aggregate cap on all film production tax credits from $50,000,000 to $100,000,000

Creates a new 30% tax credit tier (up from 22-27%) for productions where at least 25% of talent and crew are Hawaii residents

Allows productions to provide alternative marketing opportunities approved by the Department of Business, Economic Development, and Tourism instead of the required shared-card, end-title screen credit

Requires DBEDT to report annually to the legislature on approved alternative marketing opportunities and which production companies opted for screen credits versus alternative proposals