PRINTER'S NO. 456
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
505
Session of
2015
INTRODUCED BY COSTA, BLAKE, KITCHEN, FONTANA, FARNESE, YUDICHAK,
SCHWANK, BREWSTER, BROWNE, TARTAGLIONE, HUGHES, WILEY,
BOSCOLA AND LEACH, FEBRUARY 19, 2015
REFERRED TO FINANCE, FEBRUARY 19, 2015
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in film production tax credit, further providing
for the definitions of "qualified tax liability" and
"taxpayer."
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definitions of "qualified tax liability" and
"taxpayer" in section 1702-D of the act of March 4, 1971 (P.L.6,
No.2), known as the Tax Reform Code of 1971, amended July 9,
2013 (P.L.270, No.52), are amended to read:
Section 1702-D. Definitions.
The following words and phrases when used in this article
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
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* * *
"Qualified tax liability." The liability for taxes imposed
under Article III, IV, VI, VII [or IX], VIII or XV. The term
shall not include any tax withheld by an employer from an
employee under Article III.
* * *
"Taxpayer." A film production company subject to tax under
Article III, IV [or VI], VIII or XV. The term does not include
contractors or subcontractors of a film production company.
Section 2. This act shall take effect in 60 days.
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