The Philly region has become even more attractive to film and television productions thanks to the Greater Philadelphia Film Office and $100 million in film tax credits available for eligible companies.
A story such as tax credits might not seem sexy enough for the pages and files of dosage MAGAZINE. But, when it comes to film tax credits in our city and state, the type that made it amenable for inside and out of state filmmakers to create films and shows such as Philadelphia, The Sixth Sense, Twelve Monkeys, Unbreakable, many Rockys and many Creeds, It’s Always Sunny in Philadelphia, and more, it is sexy. Big cinema is sexy. Indie cinema is sexy. Last night, Sharon Pinkenson and Joan Bressler’s long fight (through several governors) to raise the bar on what this state could offer film, television, streaming and commercial producers, directors and crews happened when the Greater Philadelphia Film Office announced that Pennsylvania legislators had increased the Pennsylvania Film Tax Credit for the 2022 – 2023 fiscal year.
Up from its original $30 million, and with an increase of $30 million, coming for the next fiscal year (which starts now) $100 million worth of tax credits are now available for eligible film productions in the Commonwealth of Pennsylvania as of July 2022.
The Greater Philadelphia Film Office officially represents the southeastern Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia and its surrounding areas. Pittsburgh, which also gets a ton of amazing film producers and crews making movies there on the regular, like Christopher Nolen’s Batman series, will also benefit from the newly ushered tax credit.
Since 1992, the Greater Philadelphia Film Office has aided the local film industry to generate more than $6.5 billion in economic impact for the Greater Philadelphia region when you count everything from hotel stays, restaurant attendance and the like.
“It’s wonderful news,” writes Sharon Pinkenson, Executive Director of the Greater Philadelphia Film Office. “Film productions go where they can get the most bang for their buck, which is why tax credits are a vital part of film production attraction. The $100 million in available film tax credits will attract additional new business into southeast Pennsylvania that would have otherwise gone to another state. It will also create more family sustaining jobs for our local crew, actors, and vendors.”
More on this as the tax credits develop and the filmmakers come rolling in.