ANNOUNCEMENT 30 Jun 2011
In the financial year 2010-2011, a film production studio received tax credits for a movie produced in the state of Pennsylvania.
NUMBER OF INTERVENTIONS
As listed at https://dced.pa.gov/download/2011-film-tax-credit-report-general-assembly/?wpdmdl=67100. For details on the incentive program see https://filminpa.com/incentives/tax-credit/; for the underlying law see https://dced.pa.gov/download/?wpdmdl=75381.
Since 1971 the Pennsylvania Film Office has provided incentives for films and other productions in the state. The law has been amended several times since then, including a 2016 law that expanded the scope of incentivized activities to include various post-production operations. As currently devised, the principal incentive is a 25% tax credit provided to productions that spend at least 60% of their total budget in the state. Eligible productions include a feature film, a television film, a television talk or game show series, a television commercial, a television pilot or each episode of a television series intended as programming for a national audience.
One recipient of this subsidy was Paramount Pictures, which in the financial year 2010-2011 (1 July 2010 to 30 June 2011) received a tax credit of $10,849,729 for the movie “The Last Airbender.”