SB618

SB618 amends Hawaii tax credit record-keeping and reporting requirements for the Department of Business, Economic Development, and Tourism.

SB618 modifies the Hawaii Revised Statutes to update the Department of Business, Economic Development, and Tourism's responsibilities regarding tax credits. The bill requires the department to maintain records of taxpayers and qualified productions claiming tax credits, total qualified production costs, and provide specific tax credit amounts to the director of taxation. Additionally, it mandates the publication of qualified productions and tax credit amounts on the department's website and the submission of a detailed report to the legislature.