Hawaii Film Blog

Thursday, July 20, 2006

More Details on 15-20% Film Credit from Tax Dept.

On Tuesday, Hawaii's Department of Taxation issued Tax Information Release (TIR) No. 2006-02, which provides further guidance and details on our new 15-20% refundable production tax credit. Included in the release are specific examples of which types of production costs would and wouldn't qualify, how we are going to prorate the 15/20% credit differential based on qualified production costs incurred on Oahu versus the neighbor islands, and information on meeting the $200,000 expenditure threshold.

It's a must read for anyone interested in claiming the new 15-20% refundable production tax credit: Tax Information Release No. 2006-02

And the application forms for the credit are soon forthcoming, I swear! Just trying to get all the little nitty-gritty details ironed out before posting them. Keep checking back for them. Thanks for your patience!

It's Official: Hawaii Boasts 15-20% Film Tax Credit!
>> The Big 3-0 & Tax Credit Implementation Woes

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