The film production tax credit was capped at $100 million in the state’s 2022-23 budget.
The tax credit was established in 2007. Through the end of fiscal year 2019-20, approximately 860 applicants applied to the program, and 509 productions were approved/awarded tax credits, according to the Pennsylvania Department of Community and Economic Development’s 2019-20 Film Production Tax Credit Program Report.
The film productions supported an estimated 30,650 full-time equivalent jobs and added nearly $3.3 billion to the state’s economy, generating an estimated $5.2 billion in economic activity and $785 million in total state and local taxes.
State Reps. Joe Ciresi (D-Montgomery) and K.C. Tomlinson (R-Bucks), Film Industry Caucus co-chairs, celebrated the bill’s passage.
“Last year, Rep. Tomlinson and I introduced HB 1432 to expand the film production tax credit’s cap because Pennsylvania was losing out on film productions to other states due to our program’s limitations,” Ciresi said. “Thanks to our legislative push, the budget increased the cap from $70 million to $100 million, making Pennsylvania a more attractive place for television productions in which to film. Fostering the film industry in Pennsylvania will have a tremendous positive economic impact on the commonwealth through job creation and by generating economic activity in host communities, bringing local and state benefits.”