31st Legislature, 2021
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Report Title: Taxation; Motion Picture, Digital Media, and Film Production Income Tax Credit; Infrastructure Income Tax Credit; Appropriations ($)
Description: Establishes the Hawaii film and digital media special fund; repeals part IX of chapter 201, Hawaii Revised Statutes, relating to Hawaii television and film development (part II); amends the motion picture, digital media, and film production income tax credit to add an additional credit for qualified production costs paid to legal residents of this State and to Hawaii vendors and Hawaii suppliers; amends the total tax credit cap; requires annual report; increases requirements for hiring of legal residents of this State; applies to qualified production costs incurred on or after 07/01/2013, and before 01/01/2028 (part III); establishes a motion picture, digital media, and film production infrastructure income tax credit for qualified infrastructure costs; requires qualified expenditure of at least $10,000,000; increases requirements for hiring of legal residents of this State; requires the credit to be repaid through an annual payment to the State equal to fifteen per cent of the qualified infrastructure project's taxable income until the credit has been repaid; provides for a recapture of the tax credit if the facilities are no longer used for a qualified activity; requires annual report; applies to taxable years beginning after 06/30/2013 (part IV); requires department of business, economic development, and tourism to contract with the Hawaii tourism authority to coordinate the development of a film and digital media implementation plan to leverage marketing and promotional opportunities with the Hawaii tourism authority's current marketing and development strategies; requires annual report (part V); appropriates funds for additional resource and staffing support to assist state agencies in collecting and reporting annually on the number of full-time equivalent positions for legal Hawaii residents by each production receiving tax credits (part VI); repeals on 01/01/2028.
Package: None
Current Referral: EGH/JDL/TEC, WAM

Sort by Date Status Text
1/22/2013SPassed First Reading.
1/22/2013SReferred to EGH, WAM.
1/24/2013SRe-Referred to EGH/JDL/TEC, WAM.
12/18/2013DCarried over to 2014 Regular Session.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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