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SB2582
THE SENATE
S.B. NO.
2582
THIRTY-THIRD LEGISLATURE, 2026
STATE OF HAWAII
A BILL FOR AN ACT
relating
to taxation
.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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SECTION
1
.
�
Section 235-17,
Hawaii Revised Statutes, is amended by amending subsection (d) to read as
follows:
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"(d)
�
To qualify for this tax credit, a production
shall:
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(1)
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Meet the
definition of a qualified production specified in subsection (o);
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(2)
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Have qualified
production costs totaling at least $100,000;
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(3)
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Complete at
least fifteen per cent of the production's principal photography and the
production's post-production in the State within the same taxable year the
production is qualifying for this tax credit;
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[
(3)
]
(
4)
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Provide the State a qualified Hawaii promotion, which shall be at
a minimum, a shared-card, end-title screen credit, where applicable;
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[
(4)
]
(5)
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Provide evidence of reasonable efforts to hire local talent and
crew;
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[
(5)
]
(6)
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Provide evidence when making any claim for products or services
acquired or rendered outside of this State that reasonable efforts were
unsuccessful to secure and use comparable products or services within this
State;
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[
(6)
]
(7)
�
Provide evidence of financial or in-kind contributions or
educational or workforce development efforts, in partnership with related local
industry labor organizations, educational institutions, or both, toward the
furtherance of the local film and television and digital media industries;
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[
(7)
]
(8)
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Provide evidence of reasonable efforts to comply with all
applicable requirements under title 14, including tax return filing and
payments; and
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[
(8)
]
(9)
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Provide complete responses to the department of taxation's
inquiries and document requests, in the form prescribed by the department, no
later than ninety days from the inquiry or request;
provided that a taxpayer shall be given notice of
and an opportunity to cure any failure to meet the requirements of this
subsection, including chapter 237, within thirty days of receipt of the notice;
provided further that nothing in this
subsection shall
be interpreted as waiving any act required by this section
."
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SECTION
2.
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Statutory material to be repealed is
bracketed and stricken.
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New statutory
material is underscored.
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SECTION 3.
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This Act, upon its approval, shall apply to
taxable years beginning after December 31, 2026; provided that on January 1,
2033, section 1 of this Act shall be repealed to coincide with the repeal date
of Act 88, Session Laws of Hawaii 2006, as amended by Act 89, Session Laws of
Hawaii 2013, as amended by Act 143, Session Laws of Hawaii 2017, as amended by
Act 217, Session Laws of Hawaii 2022, and section 235‑17, Hawaii Revised
Statutes, shall be reenacted in the form in which it read on the day before the
effective date of Act 88, Session Laws of Hawaii 2006.
INTRODUCED BY:
_____________________________
Report Title:
Motion
Picture, Digital Media, and Film Production Income Tax Credit; Qualifications;
Principal Photography; Post-production
Description:
Amends
the requirements for productions to qualify for the Motion Picture, Digital
Media, and Film Production Income Tax to include completing at least fifteen
per cent of the production's principal photography and post-production in the
State within the same taxable year the production is qualifying for the Tax
Credit.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.