HB 2037 Hawaii House · 2026 Regular Session

RELATING TO TAXATION.

Summary

Increases the aggregate cap on credits allowed in any given year for the Motion Picture, Digital Media, and Film Production Income Tax Credit from $50,000,000 to $60,000,000. Extends the sunset of the tax credit to 1/1/2038. Applies to taxable years beginning after 12/31/2026. Repeals 1/1/2038. Effective 7/1/3000. (HD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

House Passage

Mar 2026

Senate Passage

Governor

Introduced Jan 23, 2026 Last action Mar 10, 2026

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What changed between versions

HB2037 → HB2037_HD1 · 5 edits

MODERATE

This bill amends the Motion Picture and Film Production Tax Credit by increasing the annual funding cap from $50 million to $60 million. It extends the program's sunset date from 2032 to 2038 and adjusts the effective dates for new production costs. The bill also corrects the statutory effective date to July 1, 2006, while adding a new section with conflicting future dates that appear to be drafting errors.

Scope change

The bill expands the scope of the tax credit program by increasing the total annual budget available for credits and extending the program's expiration date.

FISCAL

Increased the annual aggregate cap for tax credits from $50,000,000 to $60,000,000.

TIMELINE

Extended the sunset date for the tax credit program from January 1, 2032, to January 1, 2038.

Changed the date to which the tax credit applies for new production costs from 2033 to 2038.

Corrected the statutory effective date to July 1, 2006, and updated the repeal date to coincide with the new sunset date.

Added a new section stating the act takes effect on July 1, 3000, which appears to be a drafting error or placeholder.

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 10, 2026

Committee

Referred to EDT, WAM.

upper

Mar 10, 2026

Introduced

Received from House (Hse. Com. No. 179).

upper

Mar 6, 2026

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Perruso, Sayama excused (2). Transmitted to Senate.

lower

Mar 4, 2026

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Feb 17, 2026

Committee

Reported from ECD (Stand. Com. Rep. No. 293-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 6, 2026

Lower · Passed

The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Yamashita, Gedeon; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Jan 28, 2026

Committee

Referred to ECD, FIN, referral sheet 3

lower

Jan 26, 2026

Introduced

Introduced and Pass First Reading.

lower

Jan 23, 2026

Introduced

Pending introduction.

lower

18 primary · 0 co-sponsors