This was a critical year for the film industry here in Hawaii. The film production income tax credit had only one more year before it was set to expire at the end of 2018. Collectively working with the film industry, unions and you via the petitions, we were able to extend the tax credit for seven years but with a $35 million cap. While the extension is good for the industry, the cap may deter productions from coming to our state. Therefore, in 2018, we will have to rally the troops again to work to remove the cap to remain competitive.
Thanks to all of you who signed the petition to extend the film production income tax credit.
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