Legislature Passes 15-20% Film Tax Credit!

Just one more step...

No.Way. Waaaaay!! The Hawaii state legislature has done it! It's passed SB2570, SD2, HD2, CD1, the film/TV/commercial/digital media tax credit that gives a 15% rebate on Oahu production expenditures and a 20% rebate on neighbor island production expenditures. Yesterday, almost every legislator in both House and Senate voted "yes" on the measure--only Senators Slom and Trimble voted "no." Here's a summary of the measure. There's just one more step for this bill to officially become law: Governor Linda Lingle has 90 days to sign it into law (or veto it).