The Pennsylvania Film Incentive
The Pennsylvania Film Tax Credit Law (Act 55) was put into place in 2007 to promote the growth of film, television and related production companies and stimulate job growth in the Commonwealth. The law’s cap is written at $75 million dollars a year, and is revisited by the legislature during the annual budget hearings. In recent years they have voted to reduce the cap to $60 million.
This incentive, which brings in over 18,000 direct jobs and $732.9 million dollars in wages, has proven to be successful, evidenced by the rapid growth in our industry. Each year we are running out of money earlier and earlier. This year, the last film in the Pittsburgh area ended in January. The $60 million cap is no longer enough for our rapidly growing industry.
This year we are asking for our film tax credit to be uncapped.
The budget hearings are in full swing in Harrisburg. We need to get the word out to the legislature about how important this incentive program is to Pennsylvania and its residents before the final budget vote occurs on June 30th.
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Still have questions? Contact the Tax Credit Committee
Mamie Stein, Casey LaRocco and Michael “Bubba” Matsic