Section 18-235-17-02 - Motion picture, digital media, and film production income tax credit; allowed(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. Haw. Code R. § 18-235-17-02
[Eff 11/17/2019] (Auth: HRS § 231-3(9)) (Imp: HRS § 235-17)