Hawaii Administrative Rules
Title 18 - DEPARTMENT OF TAXATION
Chapter 235 - INCOME TAX LAW
Subchapter 1 - GENERAL PROVISIONS
Section 18-235-17-02 - Motion picture, digital media, and film production income tax credit; allowed
Universal Citation: HI Admin Rules 18-235-17-02
Current through August, 2024
(a) Section 235-17, HRS, allows qualified taxpayers to claim a refundable income tax credit equal to the following percentages of qualified costs incurred for qualified productions being produced in the State:
(1)
Twenty per cent of qualified production costs incurred in any county in the
State with a population of over seven hundred thousand (i.e., as of the date
this rule became effective, the city and county of Honolulu); and
(2) Twenty-five per cent of qualified
production costs incurred in any county in the State with a population of seven
hundred thousand or less (i.e., as of the date this rule became effective,
Kauai, Maui, and Hawaii counties).
(b) To qualify for the credit under section 235-17, HRS, a qualified production must be considered a taxpayer for purposes of chapter 235, HRS. Any qualified production that conducts business activities in the State subject to chapter 235, HRS, is eligible to claim the credit under section 235-17, HRS.
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