PRINTER'S NO. 1806
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1547
Session of
2023
INTRODUCED BY WAXMAN, JUNE 29, 2023
REFERRED TO COMMITTEE ON FINANCE, JUNE 29, 2023
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in entertainment production tax credit, further
providing for carryover, carryback and assignment of credit,
for limitations and for pass-through entity.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1714-D(e)(1) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
and the subsection is amended by adding a paragraph to read:
Section 1714-D. Carryover, carryback and assignment of credit.
* * *
(e) Sale or assignment.--The following shall apply:
(1) [A] Except as provided under paragraph (5), a
taxpayer, upon application to and approval by the department,
may sell or assign, in whole or in part, a tax credit granted
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