eye-3-yellow-3d-2-new-logo philly_kyw_new philly_94wip_new 35h_cbssportsrad_philly philly_wpht_new
Week 3: Redskins At Eagles Pump-Up Video | DeSean Jackson returns | Boo or cheer D-Jac? | Jackson told McCoy he is playing | Suicide Pool | Local Picks | Redskins at Eagles 1:00pm E.T. on 94WIP |

Local

Pa. Lawmaker Wants To Expand Film Tax Credit

View Comments
Film production trailers near 5th and Chestnut Streets in Old City. (Credit: John McDevitt)

Film production trailers near 5th and Chestnut Streets in Old City. (Credit: John McDevitt)

(Capitol dome, Harrisburg, Pa.   File photo) Tony Romeo
  Tony Romeo is Harrisburg bureau chief for KYW Newsradio...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

By Tony Romeo

HARRISBURG, Pa. (CBS) — The majority leader of the state Senate says in the coming days, he will introduce legislation to expand Pennsylvania’s film tax credit.

The Pennsylvania film tax credit is currently capped at $60 million. Erik Arneson is a spokesman for Chester Republican Dominic Pileggi, the Senate majority leader. Arneson says his boss wants to uncap the film tax credit. He says the Independent Fiscal Office, created by lawmakers to provide non-partisan financial projections, estimates that uncapping the tax credit would cause it to double or triple.

“They believe that with the other restrictions that are in there that the usage would eventually get up to between $120 and $180 million. But technically, that’s right, there would be no cap.”

Arneson says one of the primary goals is to lure “multi-year” video productions.

“Which under the current structure are very difficult to bring to Pennsylvania. And of course, the multi-year production is going to have a steadier employment base, steadier economic activity that gets generated.”

The proposal would also provide tax credits for video game productions.

Top Content On CBSPhilly

View Comments
Follow

Get every new post delivered to your Inbox.

Join 32,075 other followers