Pa. bill would uncap film tax credit

Senate Majority Leader Dominic Pileggi said he plans to introduce legislation that would uncap Pennsylvania's film production tax credit.

Uncapping the tax credit, Pileggi said Thursday, could lead to a significant increase in the number of film and television productions in the state, and a corresponding increase in the number of
film-related jobs.

“The film tax credit has created an industry in Pennsylvania,” Pileggi said in a news release. “Establishing an uncapped program here, as about a dozen other states have done, will allow us to take full advantage of the program's potential.”

The tax credit, created in 2004, encourages film and television production
work to be done in Pennsylvania. To qualify for a credit, a production
must incur at least 60 percent of its production expenses in
the state.

The amount of the credit is equal to 25 percent of
qualified production expenses.

Pileggi said his bill would also create a tax credit for video game production
done in Pennsylvania, and provide a new incentive for film and television
post-production work to be done in the state.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s