Bill Text: PA HB403 | 2009-2010 | Regular Session | Introduced


Bill Title: Further providing for film production tax credits.

Spectrum: Slight Partisan Bill (Democrat 9-4)

Status: (Introduced - Dead) 2009-02-13 - Referred to FINANCE [HB403 Detail]

Download: Pennsylvania-2009-HB403-Introduced.html

  

 

    

PRINTER'S NO.  447

  

THE GENERAL ASSEMBLY OF PENNSYLVANIA

  

HOUSE BILL

 

No.

403

Session of

2009

  

  

INTRODUCED BY YOUNGBLOOD, CRUZ, BROWN, BEYER, CLYMER, FLECK, KORTZ, MURT, M. O'BRIEN, PALLONE, SIPTROTH, K. SMITH AND WAGNER, FEBRUARY 13, 2009

  

  

REFERRED TO COMMITTEE ON FINANCE, FEBRUARY 13, 2009  

  

  

  

AN ACT

  

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

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act relating to tax reform and State taxation by codifying

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and enumerating certain subjects of taxation and imposing

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taxes thereon; providing procedures for the payment,

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collection, administration and enforcement thereof; providing

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for tax credits in certain cases; conferring powers and

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imposing duties upon the Department of Revenue, certain

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employers, fiduciaries, individuals, persons, corporations

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and other entities; prescribing crimes, offenses and

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penalties," further providing for film production tax

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credits.

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The General Assembly of the Commonwealth of Pennsylvania

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hereby enacts as follows:

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Section 1.  Section 1704-D of the act of March 4, 1971 (P.L.

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6, No.2), known as the Tax Reform Code of 1971, added July 25,

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2007 (P.L.373, No.55), is amended to read:

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Section 1704-D.  Film production tax credits.

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A taxpayer may claim a tax credit against the qualified tax

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liability of the taxpayer[.] if the taxpayer makes a

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contribution in the amount of at least 10% of the amount of the

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credit claimed to an organization which:

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(1)  is located in this Commonwealth; and

 


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(2)  is either:

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(i)  registered under section 5 of the act of

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December 19, 1990 (P.L.1200, No.202), known as the

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Solicitation of Funds for Charitable Purposes Act; or

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(ii)  exempt from registration under section 6 of the

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Solicitation of Funds for Charitable Purposes Act.

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Section 2.  This act shall take effect immediately.

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