PENNSYLVANIA, January 27 - PRINTER'S NO. 106

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

133

Session of

2021

INTRODUCED BY FONTANA, STREET, COLLETT, HUGHES, SANTARSIERO,

SCAVELLO, BARTOLOTTA, KEARNEY, CAPPELLETTI AND COSTA,

JANUARY 27, 2021

REFERRED TO FINANCE, JANUARY 27, 2021

AN ACT

Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An

act relating to tax reform and State taxation by codifying

and enumerating certain subjects of taxation and imposing

taxes thereon; providing procedures for the payment,

collection, administration and enforcement thereof; providing

for tax credits in certain cases; conferring powers and

imposing duties upon the Department of Revenue, certain

employers, fiduciaries, individuals, persons, corporations

and other entities; prescribing crimes, offenses and

penalties," in film production tax credit, further providing

for limitations and for film production tax credit districts.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Section 1716-D(a) of the act of March 4, 1971

(P.L.6, No.2), amended June 28, 2019 (P.L.50, No.13), known as

the Tax Reform Code of 1971, is amended to read:

Section 1716-D. Limitations.

[(a) Cap.--Except for tax credits reissued under section

1716.1-D, in no case shall the aggregate amount of tax credits

awarded in any fiscal year under this subarticle exceed

$70,000,000. The department may, in its discretion, award in one

fiscal year up to:

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22