Pennsylvania HB1317 raises the cap on entertainment production tax credits to $125 million annually.
Pennsylvania HB1317 amends the Tax Reform Code of 1971 to increase the cap on entertainment production tax credits from $100 million to $125 million annually. The bill also allows the Department of Revenue to award up to 30% of the next year's available credits in the current fiscal year, 20% in the second year, and 10% in the third year. These changes apply to fiscal years starting from July 1, 2025.
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