Hawaii SB1574 amends the state's income tax credit for qualified production costs.

Hawaii SB1574 modifies the state's income tax credit for qualified production costs. It defines "qualified production" as activities related to creating visual and cinematic imagery for mass public consumption, excluding news, public affairs programs, and non-national shows. The bill specifies that qualified production costs include preproduction, set construction, wardrobe, props, and wages for cast and crew. It also sets a cap on the total tax credits allowed per qualified production and per year. The changes apply to taxable years beginning after December 31, 2024.

Hawaii SB1574 amends the state's income tax credit for qualified production costs.

Hawaii SB1574 modifies the state's income tax credit for qualified production costs. It defines "qualified production" as activities related to creating visual and cinematic imagery for mass public consumption, excluding news, public affairs programs, and non-national shows. The bill specifies that qualified production costs include preproduction, set construction, wardrobe, props, and wages for cast and crew. It also sets a cap on the total tax credits allowed per qualified production and per year. The changes apply to taxable years beginning after December 31, 2024.