ANNOUNCEMENT 30 Jun 2020
Eye Productions, Inc. (CBS Studios, Inc.) received tax credits for the television series “One Dollar” produced in the state of Pennsylvania.
NUMBER OF INTERVENTIONS
Pennsylvania Department of Community and Economic Development, Report to the General Assembly, “Film Production Tax Credit Program”, the Financial year 2019-20. Available at: https://dced.pa.gov/download/2020-film-tax-credit-report-to-general-assembly/?wpdmdl=103969&ind=1600178676378
Pennsylvania Film Office, Film Tax Credit Guidelines. Available at: https://filminpa.com/incentives/tax-credit/
Pennsylvania Department of Community and Economic Development announced awarding a tax credit of USD 12.9 million to Eye Productions, Inc. (CBS Studios, Inc.) for the television series “One Dollar” under the Film Production Tax Credit Program.
Pennsylvania’s Film Production Tax Credit is an economic incentive tool created to foster the growth and development of the state’s film industry. The program provides a tax credit equal to 25% of a production’s qualified film production expenses if at least 60% of a production’s total budget is spent in Pennsylvania. Feature films and television productions intended for a national audience that meet the “minimum stage filming requirements” at a “qualified production facility” may receive an additional 5% tax credit for a total tax credit equal to 30% of their qualified film production expenses. The types of film production eligible for a tax credit include feature films; TV films, talk or game show series, pilots or episodes intended as programming for a national audience; commercials; and documentaries.