SB1574

SB1574 amends Hawaii's income tax credit for qualified production costs incurred by film and television productions.

SB1574 modifies the income tax credit for qualified production costs in Hawaii. It allows a credit for costs related to the production of feature-length motion pictures, television series, commercials, and other media. The credit is limited to certain costs, such as wages, set construction, and post-production services. The bill sets a maximum credit of $20,000,000 per qualified production and a total annual credit limit of $100,000,000. The changes apply to taxable years beginning after December 31, 2024.