Discussion:Hawaii Film Tax Credit

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Discussion Forum Index --> Hawaii User Group --> Hawaii Film Tax Credit

Discussion Forum Index --> Tax Questions --> Hawaii Film Tax Credit


Toby Joplin (talk|edits) said:

24 May 2006
Can someone shed some light on the Hawaii Film Tax Credit which I understand was recently signed into law as Act 88? I work for a film production company in Oklahoma and one of the films we have in preproduction could easily be set in Hawaii if the government incentives are favorable.

Bengoshi (talk|edits) said:

24 May 2006
Hi Toby,

I'm not that familiar with the new credit myself...but you can read the statute at:

http://www.capitol.hawaii.gov/sessioncurrent/bills/sb2570_.htm

http://hawaiifilmoffice.blogspot.com/2006/04/summary-of-film-bill.html

Generally, the new law provides a refundable tax credit of 15% to 20%, depending on where the qualified production costs are incurred. Your company's project must meet the definition of a "qualified production", and have "qualified production costs" of at least $200,000 (there are many other detailed requirements/record keeping chores as you'll read). For the definition of "qualified production" and "qualified production costs", please see the statute.

Mynette (talk|edits) said:

12 October 2006
Aloha Toby,

I manage this tax credit program at the Hawaii Film Office. You should be able to find everything you need to know here: http://www.hawaiifilmoffice.com/incentives_credits.htm

And also check out the blog I write for the latest on what's going on in Hawaii's film industry: http://hawaiifilmblog.com

If you still have questions, call our office at 808-586-2570 and ask for me.

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