Economic Dev Tax Credits

Per Hawaii Revised Statutes, information is provided in redacted format to preserve the confidentiality of the taxpayers claiming the credit.  For more information on statutory requirements, go to: http://transparency.hawaii.gov/state-statutes

Motion Picture, Digital Media Film Production Income Tax Credit

Projected Benefits:
Actual Benefits:
In calendar year 2015, an estimated 35 Hawaii Public and charter schools throughout the state
will be the direct beneficiaries of the education and workforce development program that is a
mandate for productions to access the tax credit.  These educational institutions have received
both cash and in‐kind contributions.

More than 250 students from Hawaii Public and Charter Schools have participated in
meaningful internships with major film, television and commercial productions.  Several of the
productions that have taken advantage of the tax credit have presented workshops,
educational seminars and mentoring opportunities which included Hollywood creative
professionals and industry leaders providing students in college‐level film programs access to
major producers, directors, writers, and actors, advancing professional development in the
creative sectors.

For more information read the report to the legislature at: http://files.hawaii.gov/dbedt/annuals/2015/2015-film-tax-credit.pdf

Hawaii Tax Credit for Research Activities

Projected Benefits:
Many states have been implementing a state research tax credit in conjunction with the federal
research tax credit, to further promote research activities of businesses in the state.

Actual Benefits:
In 2014, the thirteen QHTBs made a total of $52.5 million revenue from all goods and services
produced in Hawaii, of which 65.2% ($34.2 million) was derived from out-of state sales or
activities.

About 23% of this total revenue was earned from intellectual properties that QHTBs produced in
Hawaii. The combined revenue of the thirteen QHTBs from their intellectual properties, by
selling patented products or licensing royalty, etc., was $12.3 million in 2014. 76.5% ($9.4
million) of the revenue from intellectual properties was earned from out-of-state sales.

Qualified High Technology Businesses

Reported Research Expenses and Tax Credit
Number of employments employed by QHTBs, by employment status

For more information read the report to the legislature at: http://files.hawaii.gov/dbedt/annuals/2014/2014-hrtc.pdf

Enterprise Zones

Projected Benefits:
The Enterprise Zones (EZ) partnership program is a joint state-county effort intended to stimulate—via tax and other incentives—certain types of business activity, job preservation, and job creation in areas where they are most appropriate or most needed. Up to six zones can be designated per county. (See maps for existing zones.)

The Enterprise Zones (EZ) partnership program is a joint state-county effort intended to stimulate—via tax and other incentives—certain types of business activity, job preservation, and job creation in areas where they are most appropriate or most needed.

Zone locations: http://invest.hawaii.gov/wp-content/uploads/2013/04/EZ-Map.pdf

For More Information:

Enterprise Zones: http://invest.hawaii.gov/business/ez/
http://invest.hawaii.gov/business/ez/ez-annual-reports/

 

Energy Initiatives

Lead by Example – State of Hawaii Agencies’ Energy Initiatives, FY 2013-2014
Lead by Example – State of Hawaii Agencies’ Energy Initiatives, FY 2012-2013
Status and Progress of Clean Energy Initiatives and Analysis of the Environmental Response, Energy, and Food Security Tax – Act 73, SLH 2010

 

For more information on Economic Development Subsidies, please visit: http://dbedt.hawaii.gov/overview/annual-reports-reports-to-the-legislature/