Measure Title: RELATING TO TAXATION.
Report Title: Income Tax; Motion Picture, Digital Media, and Film Production Income Tax Credit; General Excise Tax; Partial Exemption for Motion Picture Project Employers
Description: Increases the motion picture, digital media, and film production income tax credit for qualified productions that utilize qualified production facilities located within the State. Changes the cap amount and aggregate cap amount of the motion picture, digital media, and film production income tax credit to unspecified amounts. Imposes the manufacturing GET rate on motion picture, digital media, and film productions and repeals the provision in the definition of "qualified production costs" that applied the term to mean costs incurred that are subject to the highest GET rate. Exempts from the GET amounts received by a motion picture project employer from a client equal to amounts that are disbursed by the motion picture project employer for employee wages, salaries, payroll taxes, insurance premiums, and employment benefits and payments to loan-out companies. (HD1)
Companion:  SB1629
Package: None
Current Referral: ECD, FIN
Introducer(s): LAMOSAO
Act:

Sort by DateChamberStatus Text
2/14/2025HPassed 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 Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).
2/14/2025HReported from ECD (Stand. Com. Rep. No. 653) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/12/2025HThe committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Todd, Matsumoto.
2/7/2025HBill scheduled to be heard by ECD on Wednesday, 02-12-25 10:00AM in House conference room 423 VIA VIDEOCONFERENCE.
1/27/2025HReferred to ECD, FIN, referral sheet 4
1/23/2025HIntroduced and Pass First Reading.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB1498 HD1

All Versions of this Measure

HB1498_HD1 Link to HB1498_HD1 .PDF file
HB1498 Link to HB1498 .PDF file

Committee Reports

HB1498_HD1_HSCR653_ Link to committee report HB1498_HD1_HSCR653_ .PDF file

Testimony

HB1498_TESTIMONY_ECD_02-12-25_

Hearing Notices

ECD
2/12/25 10:00A
423 VIA VIDEOCONFERENCE