Hawaii SB732 amends tax credit provisions for film industry productions, setting limits and defining eligible costs.

Hawaii SB732 modifies tax credit provisions for film industry productions in the state. It sets a cap of $60,000,000 on the total amount of tax credits allowed annually, with excess credits to be claimed in the subsequent year, but not beyond December 31, 2038. The bill defines "qualified production costs" to include preproduction, set construction, wages, photography, and post-production costs, among others. It excludes certain productions like news, public affairs programs, and non-national magazine or talk shows.

Hawaii SB732 amends tax credit provisions for film industry productions, setting limits and defining eligible costs.

Hawaii SB732 modifies tax credit provisions for film industry productions in the state. It sets a cap of $60,000,000 on the total amount of tax credits allowed annually, with excess credits to be claimed in the subsequent year, but not beyond December 31, 2038. The bill defines "qualified production costs" to include preproduction, set construction, wages, photography, and post-production costs, among others. It excludes certain productions like news, public affairs programs, and non-national magazine or talk shows.