An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in entertainment production tax credit, further providing for limitations.

HB 1317 increases Pennsylvania's annual cap on entertainment production tax credits from $100 million to $125 million. It also establishes new rules allowing the Department of Revenue to carry forward unused credits: up to 30% for the next fiscal year, 20% for the year after, and 10% for the third year. This directly affects film and entertainment producers seeking tax credits under the Tax Reform Code of 1971. The changes apply to fiscal years beginning July 1, 2025.