Hawaii HB882 amends the income tax credit for motion picture, digital media, and film production to incentivize local hiring and economic growth.
Hawaii HB882 revises the income tax credit for motion picture, digital media, and film production to better reflect the current volume of business in the state's film industry. The bill increases the tax credit percentage for productions in counties with populations under 700,000 to 27% and for all other counties to 30%. It also raises the maximum tax credit per production from $17 million to $25 million and the total annual tax credit from $50 million to $100 million.
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