Hawaii SB2580 amends the state's income tax credit for motion picture, digital media, and film production.

Hawaii SB2580 modifies the state's income tax credit for motion picture, digital media, and film production. It introduces new definitions for terms like "qualified production" and "qualified production costs," specifying what activities and costs qualify for the credit. The bill also sets a cap on the total tax credits that can be claimed per qualified production, with an exception for productions incurring at least $60,000,000 in qualified production costs.

Hawaii SB2580 amends the state's income tax credit for motion picture, digital media, and film production.

Hawaii SB2580 modifies the state's income tax credit for motion picture, digital media, and film production. It introduces new definitions for terms like "qualified production" and "qualified production costs," specifying what activities and costs qualify for the credit. The bill also sets a cap on the total tax credits that can be claimed per qualified production, with an exception for productions incurring at least $60,000,000 in qualified production costs.