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:
Pennsylvania
Reporting Jurisdiction:
Pennsylvania
Jurisdiction type
:
State
:
Fiscal year ending In:
2018
Program name:
Film Production Tax Credit
Program purpose:
Film production
:
Statutory authority:
Article XVII-D of the Tax Reform Code of 1971
:
Abating jurisdiction(s):
State of Pennsylvania
:
Applicable taxes:
Corporate Net Income Tax; Personal Income Tax; Bank and Trust Company Shares Tax; Insurance Premiums Tax; Mutual Thrift Institutions Tax; Title Insurance Company Shares Tax
Method of abatement:
Tax credit
:
Provisions for recapture:
If the agreed upon qualified film production expenses are not incurred, the taxpayer must repay the Commonwealth the amount of tax credit claimed.
:
Gross revenue loss:
$60,400,000
:
Reimbursement / offset:
$0
:
Net revenue loss:
$60,400,000
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
