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Legislative record

HB 1982STATE · HawaiiIntroduced

RELATING TO TAXES.

Voted 6/27/2022

Summary

Beginning 1/1/2023, requires every person making payment to a loan-out company and claiming the motion picture, digital media, and film production income tax credit to withhold and remit to DOTAX a portion of all payments to the loan-out company; increases the amount of the tax credit; amends the requirements to claim the tax credit, including reducing the amount of qualified productions costs; removes the requirement for productions to submit a verification review by a qualified certified public accountant when applying for the tax credit; requires the report by DBEDT to include the dollar amount claimed, name of the company, and name of the qualified production of the taxpayer; changes the time frame for DBEDT to issue a letter to the taxpayer claiming the tax credit; increases the cap of the claimable amount of the tax credit; requires taxpayers to submit a fee to DBEDT; and clarifies the definition of "qualified production costs". Extends the period during which excess income tax credits may be claimed to 12/31/2032. Authorizes, and appropriates funds for, DOTAX to establish 2 full-time equivalent tax auditor positions. Requires, and appropriates funds for, DBEDT to establish 1 full-time equivalent program specialist position. (CD1)

Description from the bill record supplied with the legislative data.

Bill text

The full text of this bill isn't on Heard yet. The official documents are linked below.

Roll-call record

How representatives voted

29 yea·0 nay

Docket history

Action history

  1. 6/27/2022Act 217, on 06/27/2022 (Gov. Msg. No. 1318).
  2. 6/27/2022Act 217, 06/27/2022 (Gov. Msg. No. 1318).
  3. 5/5/2022Received notice of passage on Final Reading in House (Hse. Com. No. 824).
  4. 5/4/2022Transmitted to Governor.
  5. 5/3/2022Received notice of Final Reading (Sen. Com. No. 946).
  6. 5/3/2022Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
  7. 5/3/2022Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
  8. 4/29/202248 Hrs. Notice (as amended CD 1) 05-03-22.
  9. 4/29/2022Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 121-22).
  10. 4/29/2022Forty-eight (48) hours notice Tuesday 05-03-22.