Hawaii SB3088 amends the income tax credit for motion picture, digital media, and film production.

Hawaii SB3088 amends the income tax credit for motion picture, digital media, and film production. It modifies the definition of "qualified production costs" to exclude costs funded by grants, forgivable loans, or other non-gross income amounts. The bill also adjusts the tax credit percentages based on the population of the county where production occurs. It requires film productions to obtain independent third-party certification of qualified production costs and submit a sworn statement to the Department of Business, Economic Development, and Tourism.

Hawaii SB3088 amends the income tax credit for motion picture, digital media, and film production.

Hawaii SB3088 amends the income tax credit for motion picture, digital media, and film production. It modifies the definition of "qualified production costs" to exclude costs funded by grants, forgivable loans, or other non-gross income amounts. The bill also adjusts the tax credit percentages based on the population of the county where production occurs. It requires film productions to obtain independent third-party certification of qualified production costs and submit a sworn statement to the Department of Business, Economic Development, and Tourism.