Film Office calls for tax credit modernization to boost industry growth

In a recent meeting held by the Honolulu City Council, discussions centered around the future of the film industry in Hawaii, particularly in light of the failed Senate Bill 732, which aimed to enhance the existing tax credit for filmmakers. The bill's defeat has raised concerns about the industry's growth and the need for modernization in tax incentives to better align with current trends in television and streaming services.

Key points highlighted during the meeting included the outdated nature of the current tax credit, which is based on a traditional broadcast model that does not accommodate the shorter episode formats typical of streaming platforms. This misalignment poses a barrier to attracting significant productions, such as the anticipated series "Chief of War," which is crucial for the local economy and cultural representation.

The film office emphasized the importance of engaging stakeholders in discussions to identify the most valuable aspects of potential new legislation. They noted that the timing of the bill's introduction, which came from an external source rather than the state, hindered in-depth discussions during the legislative session. This situation underscores the need for proactive communication and planning among industry stakeholders and legislators.

Council members expressed interest in holding informational briefings during the interim period to facilitate better preparation for future legislative sessions. Collaboration with the Department of Business, Economic Development & Tourism (DBEDT) was mentioned as a key strategy to ensure that legislators are well-informed about the industry's needs.

Additionally, testimony from Angela Melody Young highlighted the positive impact of film and music programs at the University of Hawaii, which contribute to workforce development and creative opportunities for students. Young's support for Senate Bill 732 reflected a broader desire for financial incentives that could bolster the local film industry.

As the meeting concluded, the council acknowledged the need for continued dialogue and strategic planning to address the challenges facing Hawaii's film industry. The discussions set the stage for future initiatives aimed at revitalizing the sector and ensuring its growth in a rapidly evolving media landscape.