HB 2568: VERTICAL FILMING; MOTION PICTURE, DIGITAL MEDIA, AND FILM PRODUCTION INCOME TAX CREDIT; HAWAII FILM AND CREATIVE INDUSTRIES DEVELOPMENT SPECIAL FUND; FEES; HAWAII FILM STUDIO
- Session Year: 2025-2026
- House: House
- Latest Version Date: 2026-02-18
Current Status:
In Progress
(2026-02-19: Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Increases
the fee amount collected from taxpayers claiming the Motion Picture, Digital
Media, and Film Production Income Tax Credit and requires a portion of funds
collected to be used to support the vertical film industry in the State. Expands the funding sources of the Hawaii
Film and Creative Industries Development Special Fund to include revenues
received by the Department of Business, Economic Development, and Tourism from
managing the Hawaii Film Studio. Applies
to taxable years beginning after 12/31/2026. Repeals 1/1/2033. Effective 7/1/3000. (HD1)
Discussed in Hearing
3MINHouse Standing Committee on Economic Development & Technology
1MIN