A new bill is being presented by Relativity Media and many other Hollywood Executives to get better tax credits for productions to film in Hawaii.
For more details, visit the Hawaii Tax Incentive
Proposed tax breaks include:
- Establishing an assignable infrastructure tax credit of:
- - 25% in counties with population over 700,000
- - 40% in counties with population under 700,000
- - $25mm cap
- Providing for an increase to the income tax credit for qualified productions to:
- - 35% for population over 700,000
- - 40% for population under 700,000
- - Removes tax credit caps
- - Make assignable
- - Provides an additional 5% bonus for special and visual effects and animation
- Provides the State with a fee equal to ½ of 1 percent of the production spend for the administration, monitoring, auditing and certification of the tax credit with a cap of $75,000
- Allows for purchases and rentals not available in Hawaii to qualify for the tax credit if obtained through a resident production services company
- Exempts the 9.25% Transient Accommodation Tax for stays exceeding 30 days
SOURCE: Hawaii Film Incentive
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In order to vote 'yes' this proposition, you must be a registered voter in the State of Hawaii. Please note, your information will not be used for any purpose, other than to inform your elected representatives of your desire to say "yes" to the passage of the Bills. You will not be contacted. Your email will not be shared with any third parties.
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