HB 1317

                                                 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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