Source: https://www.capitol.hawaii.gov/hrscurrent/Vol04_Ch0201-0257/HRS0235/HRS_0235-0017.htm
Timestamp: 2019-05-19 16:29:58
Document Index: 158947023

Matched Legal Cases: ['§235', '§3', '§1', '§11', '§2', '§2', '§2', '§9', '§4']

§235‑17 Motion picture, digital media, and film production income tax credit. [Repeal and reenactment on January 1, 2026. L 2017, c 143, §3.] (a) Any law to the contrary notwithstanding, there shall be allowed to each taxpayer subject to the taxes imposed by this chapter, an income tax credit that shall be deductible from the taxpayer's net income tax liability, if any, imposed by this chapter for the taxable year in which the credit is properly claimed. The amount of the credit shall be:
provided that any government-imposed fines, penalties, or interest that are incurred by a qualified production within the State shall not be "qualified production costs". [L 1997, c 107, §1; am L 1998, c 156, §11; am L 2006, c 88, §§2, 4(2); am L 2013, c 89, §§2, 3; am L 2017, c 143, §2]
The 2017 amendment (effective December 31, 2018) applies to taxable years beginning after December 31, 2018. L 2017, c 143, §9.
Rules; annual reports; independent third party certification of qualified production costs. L 2017, c 143, §§4 to 7.