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. 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)
Companion:  HB1498
Package: None
Current Referral: EDT, WAM
Introducer(s): FUKUNAGA
Act:

Sort by DateChamberStatus Text
2/14/2025SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/14/2025SReported from EDT (Stand. Com. Rep. No. 661) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/13/2025SThe 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.
2/10/2025SThe committee(s) on EDT has scheduled a public hearing on 02-13-25 1:01PM; Conference Room 229 & Videoconference.
1/27/2025SReferred to EDT, WAM.
1/27/2025SPassed First Reading.
1/23/2025SIntroduced.

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

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SB1629 SD1

All Versions of this Measure

Committee Reports

Hearing Notices

EDT
2/13/25 1:01P
CR 229 & Videoconference