Share:
House Co-Sponsorship Memoranda
House of Representatives
Session of 2015 - 2016
Regular Session
MEMORANDUM
| Posted: | March 17, 2015 11:49 AM |
|---|---|
| From: | Representative Tim Briggs |
| To: | All House members |
| Subject: | Video Game Production Tax Credit |
| In the near future, I will be introducing legislation which will establish a Video Game Production Tax Credit in Pennsylvania. It is modeled after the popular Film Production Tax Credit that has brought substantial economic return to our Commonwealth. This language is similar to Senate Bill 214 of the 2013-2014 Legislative Session. Video Game Production has become a major industry with revolutions in smartphone, console, and web based gaming, as well a marked expansion of the demographics of “gamers.” The second highest gaming demographic is now women age 35-55. Other states including Georgia, Connecticut and Massachusetts are implementing incentives to draw potential studios to their states, and I want Pennsylvania to be a part of that. Pennsylvania has three of the best University programs in the country in Carnegie Mellon University, Drexel University and the University of Pennsylvania. We are losing these skilled graduates to other states who have embraced this industry. By offering tax credits to studios for the production costs associated with video game production, we can retain our graduates, their skills and the studios (small businesses) they start for the economic benefit of the whole state. Please join me by co-sponsoring this important legislation. |
Introduced as HB1324