ANNOUNCEMENT 12 Jul 2019

Hawaii increased the annual cap on film tax credits from $35,000,000 to $50,000,000.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=33&year=2019 and https://www.capitol.hawaii.gov/session2019/bills/SB33_CD1_.htm

Inception date: 12 Jul 2019 | Removal date: open ended

Tax or social insurance relief

On July 12, 2019 Act 275 became law over the opposition of the governor of Hawaii. The purpose of this act is to increase the annual cap on the motion picture, digital media, and film production income tax credit. Existing law had provided that the total amount of tax credits allowed in any particular year shall be $35,000,000; the bill expanded that to $50,000,000.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
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