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 definitions and for limitations, providing for audits, further providing for limitations and providing for formal review by department, for creative professionals tax credit and for miscellaneous provisions.

HB 1775 modifies Pennsylvania's entertainment production tax credit program under the 1971 Tax Reform Code. It updates definitions, adds limitations on credit eligibility, and establishes new audit procedures for businesses claiming the credit. The bill also creates a formal review process for the Department of Revenue to examine credit claims. Additionally, it introduces a separate tax credit for creative professionals working in the entertainment industry. The bill was recently referred to the Finance Committee for further consideration.