Hawaii HB1635 amends tax laws to redefine qualified production costs and tax rates for certain productions.

Hawaii HB1635 amends Section 235-17 of the Hawaii Revised Statutes to redefine "qualified production costs" and tax rates for certain productions. It specifies that qualified production costs include expenses such as set construction, transportation, videography, and post-production services. The bill also outlines exclusions, such as news, public pilots, and certain types of productions. The changes apply to taxable years beginning after December 31, 2025, and will be repealed on January 1, 2033.

Hawaii HB1635 amends tax laws to redefine qualified production costs and tax rates for certain productions.

Hawaii HB1635 amends Section 235-17 of the Hawaii Revised Statutes to redefine "qualified production costs" and tax rates for certain productions. It specifies that qualified production costs include expenses such as set construction, transportation, videography, and post-production services. The bill also outlines exclusions, such as news, public pilots, and certain types of productions. The changes apply to taxable years beginning after December 31, 2025, and will be repealed on January 1, 2033.