HI SB3049 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2024 - 25% progression, died in committee
Action: 2024-01-26 - Referred to EET, WAM.
Pending: Senate Energy, Economic Development, and Tourism Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Establishes a Hawai`i Film Advisory Council within the Department of Business, Economic Development, and Tourism. Provides exemption for certified development of film studio facilities from taxes imposed under chapter 237, HRS. Amends the Motion Picture, Digital Media, and Film Production Income Tax Credit allowed under section 235-17, HRS, to (1) clarify and amend the requirement for an independent third-party certification, (2) increase the annual credit cap to $60,000,000 from $50,000,000, (3) extend the sunset date to January 1, 2039, and (4) expand the definition of "qualified production" to include streaming platforms. Establishes, exempt from chapter 76, and appropriates funds for the film industry liaison position.

Tracking Information

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Title

Relating To The Film Industry.

Sponsors


History

DateChamberAction
2024-01-26SenateReferred to EET, WAM.
2024-01-24SenatePassed First Reading.
2024-01-24SenateIntroduced.

Same As/Similar To

HB2360 (Same As) 2024-01-26 - Referred to ECD, FIN, referral sheet 3

Subjects


Hawaii State Sources


Bill Comments

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