| There are two different sets of tax incentives that may be applied to television
and film production in Hawaii. |
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| Tax
Incentive Information for: |
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One is an investment tax credit (Act 221,
Session Laws of Hawaii 2001), geared toward high technology that is applicable to a
television and film production company wanting to establish a presence in Hawaii.
The other, the Motion Picture and Film Production
Income Tax Credit, is a refundable tax credit for television and film production taking
place in Hawaii. Attached are summaries of both.
The State of Hawaii Department of Taxation website provides more information
on these tax credits: http://www.state.hi.us/tax/tax.html
The Department of Taxation website also gives specific information on Act
221, and what is necessary to qualify for the investment tax credit: http://www.state.hi.us/tax/hi_tech.html
To obtain the refundable
production tax credits, the Hawaii Film Office will send a letter to the Department of
Taxation certifying that the production took place. The production must then file an
Income Tax Return and Form N-316 Motion Picture and Film Production Income Tax Credit with
the Department of Taxation.
Please contact Donne Dawson, the state film
commissioner, for more information on these tax credits. Telephone: 808.586.2567/ Fax:
808.586.2572. Email: ddawson@dbedt.hawaii.gov |
