Tuesday, July 09, 2013
Film tax credit stays same in Pennsylvania budget
Pittsburgh Post-Gazette: Film office directors in Pittsburgh and Philadelphia separately reached for the same word: "disappointing."
That was their response Monday to budget news that Pennsylvania is keeping its cap on tax credits for film and TV projects at $60 million as some states grow more aggressive with incentives.
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2 comments:
Pennsylvania definitely needs to get more involved and widen their budget. Though they are large cities, Philadelphia and Pittsburgh are losing money and work to other cities and our tax industry needs to recognize that. It is unfair to artists and businesses in Pennsylvania as well as companies and actors who want to work here. Pennsylvania’s economy would clearly benefit from money coming in through the film industry and in order to do that, people outside of the film industry need to recognize the political change that has to happen first.
The battle between taxes and business is always very complicated, and this just proves it. Pennsylvania needs to step it up and either increase or get rid of their tax credit on the film industry. The film industry is getting big and in this economy its a good idea to promote business as much as possible in order to be competitive. Its also unfair to any technicians or actors who want to work on films who live in Pennsylvania, because the tax cap substantially limits their job opportunities.
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