SB 1495 Hawaii Senate · 2024 Regular Session

RELATING TO THE MOTION PICTURE, DIGITAL MEDIA, AND FILM PRODUCTION INCOME TAX CREDIT.

Summary

Clarifies requirements for film productions with production expenditures of $1,000,000 or more claiming the motion picture, digital media, and film production income tax credit. Increases the annual cap from $50,000,000 to $75,000,000 for the total amount of the motion picture, digital media, and film production tax credit. Requires productions to meet certain local hire and local vendor quotas. Expands the definition of qualified production for the motion picture, digital media, and film production income tax credit to include streaming platforms. Takes effect 1/6/2050. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2023

Committee Review

Floor Vote

Governor

Introduced Jan 25, 2023 Last action Dec 11, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 8, 2023

Committee

Reported from EET (Stand. Com. Rep. No. 77) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 2, 2023

Upper · Passed

The committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 5 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Jan 30, 2023

Upper · Passed

The committee(s) on EET has scheduled a public hearing on 02-02-23 1:00PM; Conference Room 229 & Videoconference.

upper

Jan 30, 2023

Committee

Referred to EET, WAM.

upper

Jan 25, 2023

Introduced

Introduced.

upper

5 primary · 4 co-sponsors