An Act amending Title 12 (Commerce and Trade) of the Pennsylvania Consolidated Statutes, in Entertainment Economic Enhancement Program, further providing for definitions, for procedure and for limitations; providing for regulation of self-service storage facilities; and making a repeal.
What changed between versions
Added a new tax credit program for concerts held at Class 1, 2, and 3 venues, allowing taxpayers to receive credits based on qualified rehearsal and tour expenses.
Increased the maximum tax credit percentage for concerts at Class 1 and Class 3 venues from 35% and 40% respectively to a flat 5% for multiple Class 2 or Class 3 venues, and raised the contribution cap to $325,000.
Defined new venue classifications: 'Class 1 Venue' (large public stadiums/arenas), 'Class 3 Venue' (neighborhood improvement zones or state institutions), and clarified 'Maintained a Place of Business' for tax purposes.
Adjusted the late fee calculation for self-storage facilities to be the greater of $20 or 20% of the monthly rent, and expanded owner liability protection for towed vehicles.
Updated the bill header to reflect Senate amendments and added a new section for the entertainment program while retaining the original self-storage chapter structure.