Pa. bill would expand film tax-credit program - abc27 WHTM

Pa. bill would expand film tax-credit program

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A Pennsylvania senator has introduced legislation that would make more money available to the state's film production tax credit program by recapturing unused credits from the previous year.

Currently, the state Department of Community and Economic Development is not authorized to access unused approved film tax credits and award them to another production unless the credits are from the same fiscal year.

Sen. Wayne Fontana (D-Allegheny) said his bill, Senate Bill 1313, would provide flexibility so that unused credits could be awarded to new productions the following year.

Fontana said his measure would not apply the amount of reissued credits to the state's annual $60 million cap on credits, and therefore would expand Pennsylvania's maximum credit amount by more than 33 percent.


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