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New state law raises tax credits for filmmakers

By Anita Hofschneider

Associated Press

POSTED:
LAST UPDATED: 06:03 a.m. HST, Jun 11, 2013



Gov. Neil Abercrombie has signed a law increasing tax credits for filmmakers to help expand Hawaii's movie industry.

Abercrombie signed the measure last week boosting film tax credits from 20 to 25 percent in counties with fewer than 700,000 people.

The law also raises tax credits from 15 to 20 percent in counties like Honolulu with larger populations.

Movie productions will be able to claim a credit of up to $15 million after the law goes into effect on July 1.

Advocates of the measure have said it will help diversify Hawaii's economy and add jobs. But critics say there should be more tax relief for residents instead of movie producers.

Hawaii has been the site of popular films including "The Descendants" and "The Hunger Games".






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Larry01 wrote:
"The law also raises tax credits from 15 to 20 percent in counties like Honolulu with larger populations." Counties like Honolulu? That's the ONLY one over 700,000!
on June 10,2013 | 07:08AM
iwanaknow wrote:
Hollywood is looking for 50 areas to build another sound stage on Oahu..............any suggestions?
on June 10,2013 | 08:47AM
Jiujitsu_Fighter wrote:
Kapolei in Central Oahu and Kalama Valley in East Oahu.
on June 10,2013 | 10:15AM
Roosevelt wrote:
Larger credits for Hollywood, lower credits for solar. Which one provides larger benefits to Hawaii taxpayers?
on June 10,2013 | 01:24PM
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