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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

State or TerritoryPennsylvania
Effected JurisdictionPennsylvania
Jurisdiction type: State or Territory
Fiscal year ending In2023
Program nameFilm Production Tax Credit
Program purpose: Film, TV, and/or media
Statutory authority: Article XVII-D of the Tax Reform Code of 1971
Abating jurisdiction(s): State of Pennsylvania
Applicable taxesCorporate Income Tax; Personal Income Tax; Bank and Trust Company Shares Tax; Insurance Premium Tax; Title Insurance Company Shares Tax;; Mutual Thrift Institutions Tax
Method of abatement: Tax Credit
Provisions for recapture: The recipient is required to pay back some or all of the benefits received.
Gross revenue loss: $70,600,000
Reimbursement / offset: $0
Net revenue loss: $70,600,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.budget.pa.gov/Publications%20and%20Reports/AnnualFinancialRe...