Pennsylvania Renews $60M Film & TV Production Tax Credit Program

There will be no increase or decrease in Pennsylvania’s Film and Television Production Tax Credit for the next four years. The state budget signed into law by Gov. Tom Corbett on Sunday keeps the Keystone State’s program funded and capped at $60 million a year until 2017-2018. State Senate Majority Leader Dominic Pileggi had advocated uncapping the program, as is the case in a dozen other states around the country, but the legislator — a Republican like Corbett — was unsuccessful in his efforts. Attracting the likes of After Earth, The Perks Of Being A Wallflower and Jack Reacher in recent years, Pennsylvania’s program has a 25% tax credit for in-state production expenditures of 60% or more, and an additional 5% credit if the production shoots at Sun Center Studios in Aston. The state has had a film and TV incentive program since 2004; the $60 million approved late last month is down from the high of $75 million the program had a few years back. A report earlier this year by the state’s Independent Fiscal Office estimated that the film and TV industry in Pennsylvania made $248 million in wages in 2011 – the sixth highest in the country that year.  (more…)

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