Rep. Cheape addresses SB 726 – Film Tax Credit; Reporting; Amendments

RELATING TO FILM AND DIGITAL MEDIA INDUSTRY DEVELOPMENT.
Report Title: Film Tax Credit; Reporting; Amendments
Description: Amends the motion picture, digital media, and film production income tax credit by, among other things: 1) Extending the repeal of the credit from January 1, 2016, to January 1, 2019; 2) Increasing the credit ceiling to $15,000,000 per qualified production; 3) Changing the credit amount from fifteen per cent of qualified production costs to twenty per cent in a county with a population of over seven hundred thousand, and from twenty per cent of qualified production costs to twenty five per cent in a county with a population of seven hundred thousand or less; 4) Adding a reporting requirement. Effective July 1, 2013. (HB726 CD1)

4/30/2013 S Passed Final Reading, as amended (CD 1). 24 Aye(s); Aye(s) with reservations: none . 0 No(es): none. 1 Excused: Senator(s) Kidani.
4/30/2013 H Passed Final Reading as amended in CD 1 with Representative(s) Fale, Yamane voting aye with reservations; Representative(s) Choy, Coffman, Har, Jordan, Oshiro, Wooley voting no (6) and none excused (0).

hb726 cheapeContact: repcheape@capitol.hawaii.gov Excerpt from Capitol TV

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