Measure Title: |
RELATING TO TAXATION.
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Report Title: |
Income Tax; Motion Picture, Digital Media, and Film Production Income Tax Credit; General Excise Tax; Partial Exemption for Motion Picture Project Employers
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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. Exempts from the general excise tax reimbursement to a motion picture project employer for employee wages, salaries, payroll taxes, insurance premiums, and employment benefits. Effective 7/1/2050. (SD1)
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Companion: |
HB1498
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Package: |
None
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Current Referral: |
EDT, WAM
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Introducer(s): |
FUKUNAGA
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Act: |
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Sort by Date | Chamber | Status Text |
2/14/2025 | S | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
2/14/2025 | S | Reported from EDT (Stand. Com. Rep. No. 661) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
2/13/2025 | S | The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga; Aye(s) with reservations: Senator(s) Kim ; 1 No(es): Senator(s) Awa; and 0 Excused: none. |
2/10/2025 | S | The committee(s) on EDT has scheduled a public hearing on 02-13-25 1:01PM; Conference Room 229 & Videoconference. |
1/27/2025 | S | Referred to EDT, WAM. |
1/27/2025 | S | Passed First Reading. |
1/23/2025 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB1629 SD1