Leading Republican senator calls for expansion of film tax credit
HARRISBURG — The Senate majority leader said Thursday he'll introduce legislation to expand Pennsylvania's film tax credit, which gives producers a tax break for filming in the state.
Dominic Pileggi's bill would seek to “uncap” the tax credit that is limited to $60 million a year, his office said.
The program, started in 2004, has “created an industry” in Pennsylvania, said Pileggi, R-Delaware County. Data from 2011, the latest available, shows Pennsylvania ranked fifth among the states in film-related employment, with film-related wages totaling $248 million.
“The film tax credit is a strong tool for job creation generally, and it's proven to be a tremendous way for Pennsylvania to fight ‘brain drain' in particular,” Pileggi said. “One of the reasons I'm introducing this bill is to help reverse the decades-long trend of Pennsylvania losing talented young people to other states.”
The state Independent Fiscal Office issued a report saying that lifting the cap on the tax credit would have significant economic impact during the next year, at minimal cost to the state.
To qualify for credit, a production must incur at least 60 percent of its expenses in Pennsylvania. The amount of credit is equal to 25 percent of qualified production expenses.
As the second-highest ranking Republican, the party that controls the Legislature, Pileggi's bill has a solid chance for passage.
The bill would create a tax credit for video game production and provide incentive for post-production work by film and television producers, he said.
The film tax credit was initiated under former Democratic Gov. Ed Rendell. Despite a $4 billion deficit in 2011, Republican Gov. Tom Corbett continued the credit.
Brad Bumsted is Trib Total Media's state Capitol reporter. Reach him at 717-787-1405 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
- Steelers use 3 late first-half TDs to stun Texans
- Rossi: Steelers’ season all about going big
- Pittsburgh police officers start wearing video cameras
- White Oak moves forward on community center
- Demand for hazmat suits due to Ebola outbreak triples firm’s production
- Liberty hires 2 part-time police officers, honors another
- Raptor system helps to protect Ringgold students
- Kin of 2013 DUI crash victim in Hempfield lose young family in fire
- 12-year-old’s donated heart joins families, lets her memory live
- McKeesport Area first-grader brings toy gun on school bus
- Pa. Congressional candidates hear about wide range of issues, concerns