SB 2580: RELATING TO THE MOTION PICTURE, DIGITAL MEDIA, AND FILM PRODUCTION INCOME TAX CREDIT.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Amends the Motion Picture, Digital Media, and Film Production Income Tax Credit (tax credit) by, beginning for costs incurred after 12/31/2025, providing an additional credit to qualified productions with a workforce of at least eighty percent local hires; requiring each taxpayer claiming the tax credit to submit an independent third-party certification verifying certain information to the Department of Business, Economic Development, and Tourism; increasing the per-production cap amount to $20,000,000 and excluding qualified productions that incur at least $60,000,000 of qualified production costs from the per-production cap amount; changing the aggregate cap amount to $60,000,000; providing that, beginning for costs incurred after 12/31/2023, if the total amount of tax credits claimed in a year is less than the aggregate cap amount, the cap for the subsequent year shall be increased by the unclaimed amount; defining "streaming platform" and amending the definition of "qualified production" to include certain streaming productions; and extending the sunset date of the tax credit to 1/1/2038. Exempts from the general excise tax certain amounts received by a motion picture project employer from a client company that represent reimbursements for costs paid or incurred by the client company for reasonable employment-related costs of motion picture project workers or loan-out companies. (CD1)

Sponsors

Sponsors by party (alphabetical): Democratic 8

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. July 7, 2026Act 185, 07/06/2026 (Gov. Msg. No. 1287).
2. July 7, 2026Act 185, on 07/06/2026 (Gov. Msg. No. 1287).
3. May 8, 2026Received notice of passage on Final Reading in House (Hse. Com. No. 888).
4. May 8, 2026Enrolled to Governor.
5. May 6, 2026Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none).
6. May 6, 2026Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Cochran, Lowen voting no (2) and Representative(s) Alcos excused (1).
7. May 6, 2026Received notice of Final Reading (Sen. Com. No. 816).
8. May 1, 2026Conference Committee Meeting will reconvene on Friday, 05-01-26 at 11:30AM in Conference Room 411.
9. May 1, 2026The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
10. May 1, 2026The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Ilagan, Hussey, Gedeon; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
11. May 1, 2026Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 202-26).
12. May 1, 202648 Hrs. Notice (as amended CD 1) 05-06-26.

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