Amends the Motion Picture, Digital Media, and Film Production Income Tax Credit by providing additional credits to qualified productions that have a workforce of at least eighty per cent local hires and that either have an above-the-line workforce of at least thirty per cent local hires, invest in qualified production infrastructure, feature indigenous content, or conduct post-production in the State; establishing that the minimum local hires requirement will increase to eighty-two per cent in the third consecutive taxable year that the additional credit is claimed and to eighty-five per cent in the fifth consecutive taxable year; authorizing the Department of Business, Economic Development, and Tourism to waive the credit cap per qualified production for one qualified production each fiscal year; and requiring the Hawaii Film Office to submit an annual report to the Legislature.

Statutes affected:
HB1939: 235-17