PRINTER'S NO. 1123
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
816
Session of
2019
INTRODUCED BY FONTANA, HUGHES, COLLETT, KILLION, FARNESE, COSTA,
BREWSTER AND BARTOLOTTA, AUGUST 7, 2019
REFERRED TO FINANCE, AUGUST 7, 2019
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 limitations and for film production tax credit districts.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1716-D(a) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is
repealed:
Section 1716-D. Limitations.
[(a) Cap.--Except for tax credits reissued under section
1761.1-D, in no case shall the aggregate amount of tax credits
awarded in any fiscal year under this subarticle exceed
$65,000,000. The department may, in its discretion, award in one
fiscal year up to:
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(1) Thirty percent of the dollar amount of film
production tax credits available to be awarded in the next
succeeding fiscal year.
(2) Twenty percent of the dollar amount of film
production tax credits available to be awarded in the second
successive fiscal year.
(3) Ten percent of the dollar amount of film production
tax credits available to be awarded in the third successive
fiscal year.]
* * *
Section 2. Section 1716.2-D(e) of the act is amended to
read:
Section 1716.2-D. Film production tax credit districts.
* * *
(e) Construction.--The tax credits authorized under this
section [are in addition to the tax credits under section 1716-
D(a) and] are available exclusively for activities occurring
within the designated district.
* * *
Section 3. This act shall apply to fiscal years beginning
after June 30, 2019.
Section 4. This act shall take effect immediately.
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