HB 1317 — An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in entertainment production tax credit, further providing for limitations.

PRINTER'S NO.    1510

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                         HOUSE BILL
                         No. 1317
                                                Session of
                                                  2025

     INTRODUCED BY CIRESI, GIRAL, SANCHEZ, HADDOCK, BURGOS, HILL-
        EVANS, ABNEY, PIELLI, GUENST, NEILSON, MALAGARI, RIVERA,
        BRENNAN, BOROWSKI, HOHENSTEIN, INGLIS, D. WILLIAMS, WARREN
        AND HARKINS, APRIL 28, 2025

     REFERRED TO COMMITTEE ON FINANCE, APRIL 28, 2025


                                       AN ACT
 1   Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
 2      act relating to tax reform and State taxation by codifying
 3      and enumerating certain subjects of taxation and imposing
 4      taxes thereon; providing procedures for the payment,
 5      collection, administration and enforcement thereof; providing
 6      for tax credits in certain cases; conferring powers and
 7      imposing duties upon the Department of Revenue, certain
 8      employers, fiduciaries, individuals, persons, corporations
 9      and other entities; prescribing crimes, offenses and
10      penalties," in entertainment production tax credit, further
11      providing for limitations.
12      The General Assembly of the Commonwealth of Pennsylvania
13   hereby enacts as follows:
14      Section 1.     Section 1716-D(a) of the act of March 4, 1971
15   (P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
16   to read:
17   Section 1716-D.    Limitations.
18      (a)     Cap.--Except for tax credits reissued under section
19   1716.1-D, in no case shall the aggregate amount of tax credits
20   awarded in any fiscal year under this subarticle exceed
21   [$100,000,000] $125,000,000. The department may, in its
 1   discretion, award in one fiscal year up to:
 2          (1)   Thirty percent of the dollar amount of film
 3      production tax credits available to be awarded in the next
 4      succeeding fiscal year.
 5          (2)   Twenty percent of the dollar amount of film
 6      production tax credits available to be awarded in the second
 7      successive fiscal year.
 8          (3)   Ten percent of the dollar amount of film production
 9      tax credits available to be awarded in the third successive
10      fiscal year.
11      * * *
12      Section 2.   The amendment of section 1716-D(a) of the act
13   shall apply to fiscal years beginning on or after July 1, 2025.
14      Section 3.   This act shall take effect immediately.




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