Hawaii SB2796 amends tax laws to include new definitions and exemptions for certain business activities and production costs.

Hawaii SB2796 modifies the state's tax statutes to introduce new definitions and exemptions. It specifies that "digital media" refers to production methods and platforms for creating cinematic imagery using digital means. The bill also defines "post-production" as activities and services conducted after principal photography is completed. It exempts certain amounts received by professional employer organizations from tax. Additionally, the bill introduces a tax on the receipts of sugar benefit payments and modifies the tax on insurance producers.

Hawaii SB2796 amends tax laws to include new definitions and exemptions for certain business activities and production costs.

Hawaii SB2796 modifies the state's tax statutes to introduce new definitions and exemptions. It specifies that "digital media" refers to production methods and platforms for creating cinematic imagery using digital means. The bill also defines "post-production" as activities and services conducted after principal photography is completed. It exempts certain amounts received by professional employer organizations from tax. Additionally, the bill introduces a tax on the receipts of sugar benefit payments and modifies the tax on insurance producers.