TribLIVE

| News

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Leading Republican senator calls for expansion of film tax credit

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

Thursday, June 6, 2013, 5:12 p.m.
 

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 bbumsted@tribweb.com.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Stories

  1. LaBar: Best next opponent for Brock Lesnar
  2. Steelers remain confident in defense
  3. Berry wins Steelers’ puntingjob; Wing traded to Giants
  4. Penn State offense confident it can have better season
  5. Interactive: Pitt’s top moments at Heinz Field
  6. Tree falls into house in Hempfield, injuring 1
  7. Philly DA won’t fire Fina, two others for porn emails
  8. 4-year-old transplant recipient Angelo Giorno dies, hospital says
  9. Trimmer Pilot belies more room, power
  10. Element of surprise awaits West Virginia in opener
  11. With no end in sight, Clinton will address emails