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]
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 $50,000,000, (3) extend the sunset date to January 1, 2039, and (4) expand the definition of "qualified production" to include streaming platforms. Establishes, exempt from chapter 76, and appropriates funds for the film industry liaison position.
Title
Relating To The Film Industry.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-01-26 | Senate | Referred to EET, WAM. |
2024-01-24 | Senate | Passed First Reading. |
2024-01-24 | Senate | Introduced. |
Same As/Similar To
HB2360 (Same As) 2024-01-26 - Referred to ECD, FIN, referral sheet 3
Subjects
Civil Service Exemption. ($)
DBEDT
General Excise Tax Exemption
Hawai`i Film Advisory Council
Motion Picture, Digital Media, and Film Production Income Tax Credit
DBEDT
General Excise Tax Exemption
Hawai`i Film Advisory Council
Motion Picture, Digital Media, and Film Production Income Tax Credit
Hawaii State Sources
Type | Source |
---|---|
Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3049&year=2024 |
Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB3049_.HTM |