Legislators seek to increase film tax credit availability

Legislators seek to increase film tax credit availability

Over the past few years, the Pennsylvania Film Tax Credit program has been responsible for bringing in film and TV projects to Pennsylvania and Pittsburgh, in particular.

The Pittsburgh area has been a particular beneficiary of the film industry and its development due to existence and use of the film tax credit.

Productions such as Jack Reacher, Batman: The Dark Knight Rises, Concussion, Foxcatcher and even Dance Moms were all made in Pennsylvania and benefited from the tax credit program.

But with the tax credit capped at $60 million per year, some lawmakers say that isn’t enough to bring filmmakers to the state and to keep them here. 

Thursday, May 19, 2016/Author: Alanna Koll
Categories: Pittsburgh
General Assembly taking steps to help reform Pittsburgh ICA

General Assembly taking steps to help reform Pittsburgh ICA

The Senate Community, Economic & Recreational Development Committee met Wednesday to consider legislation that would reform an embattled budget oversight agency in Pittsburgh.

The Pittsburgh Intergovernmental Cooperation Authority (ICA) is a special administrative body created by the state legislature in 2004 to oversee the finances of the City of Pittsburgh as it was facing financial hardship.

SB 1221, sponsored by Senate Minority Leader Jay Costa (D-Allegheny) calls on the body to adopt a records-retention policy, file monthly financial statements, maintain a website and establish a formal process to determine how state gaming monies can be used in the City’s “best interest.” 

Thursday, May 19, 2016/Author: Alanna Koll
Categories: Pittsburgh
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