Tax credits for Pennsylvania film and TV productions being wasted?
Pennsylvania has spent more than half a billion dollars over the past decade to lure film and TV productions to the state. But an investigation by PublicSource suggests that millions of dollars spent to provide film tax credits are not only being misallocated, but also wasted. Some of the findings: All but 1 percent of film tax credits are transferred to companies that have nothing to do with film or TV – essentially transforming the program into a backdoor tax break for some of the largest corporations and utilities operating in Pennsylvania.
[Pittsburgh’s Strip District served as the backdrop for a raucous fight scene in “Jack Reacher,” starring Tom Cruise. (Photo courtesy of Paramount Pictures via PublicSource.)]
[Reporting sponsored by the Park Foundation.]