30 June 2006

NEW TAX CREDIT INCENTIVE IN PLACE

by Nicole Shiner

This summer, PA lawmakers passed legislation and the Governor signed into law Act 55 of 2007, the (new) $75 million Pennsylvania Film Production Tax Credit Program. Effective July 1, 2007, Pennsylvania provides a 25% Film Production Tax Credit for film production expenses incurred in the Commonwealth. The transferable tax credit is available for feature films, TV shows and series, and commercials intended for a national audience. In order to qualify for the tax credit, 60 percent of the total production expenses must be incurred in Pennsylvania. No more than $75 million per year can be awarded. A qualified PA expense is production expense that is subject to PA taxes. There is no per project cap. Applications will be considered in the order in which they are received. Please review the guidelines and application below for more information on the Tax Credit. Appendix D and Appendix E of the guidelines will be available shortly. The PA Film Office will continue to accept applications for productions scheduled in the coming fiscal year. If you have such plans, we encourage you to complete the online application listed below within 120 days of your start date of principal and ongoing photography in PA. This will secure your spot on the queue going forward. Download the Creativity in Focus Application To view the Creativity in Focus application, you will need to download Adobe Acrobat Reader if it is not installed on your computer. Download Adobe Acrobat Reader Filmmakers interested in taking advantage of the tax credit program should contact us and the PA Film Office with details as soon as possible so that we can put you in the queue. For more information, please contact: PA Film Office Jane Saul, PA Film Commissioner Tel: 717-783-3456 or 215-965-4603 Email: http://www.FilminPA.com THANK YOU TO EVERYONE THAT HELPED IN OUR LOBBYING EFFORTS!!!!

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