Pennsylvania 2023-2024 Regular Session

Pennsylvania House Bill HB1391

Introduced
6/13/23  

Caption

Providing for the tourism marketing and promotion tax credit.

Impact

The potential impact of HB 1391 on state laws includes the introduction of a new tax credit specifically targeting the tourism industry. This would allow for more structured support for local governments and private sectors working to attract more tourists. Furthermore, it represents a shift in policy that recognizes the importance of the tourism industry in contributing to state revenues and job creation. Legislators believe that such tax incentives could catalyze broader economic benefits for communities across the state, especially those heavily reliant on tourism.

Summary

House Bill 1391 aims to establish a tourism marketing and promotion tax credit to stimulate economic growth by encouraging tourism in the state. The bill's primary focus is to provide financial incentives to entities engaged in marketing tourism-related activities. The intention behind this legislation is to enhance the visibility of local attractions and events, ultimately driving more visitors to the state. This bill reflects an approach to bolster the tourism sector, which is critical for many local economies dependent on visitor spending.

Sentiment

The sentiment surrounding HB 1391 has generally been favorable among supporters, especially within the tourism sector and related business communities. Proponents argue that it is a proactive measure that could benefit everyone from small local businesses to larger tourism agencies. However, there are concerns among some legislators and advocacy groups who worry about the implications of tax credits and whether they effectively achieve the intended results. Critics might argue that such financial incentives could divert resources from other vital public needs or question their efficacy in actually increasing tourist numbers.

Contention

Notable points of contention in discussions around HB 1391 include debates over the effectiveness of tax credits as a tool for economic development versus traditional funding methods. Some legislators express skepticism about the long-term impacts of tax credits, suggesting they could lead to an ongoing reliance on such incentives for growth. Additionally, the issue of how funds will be allocated and monitored remains a significant concern, as there is a desire to ensure that the financial benefits truly serve to enhance the tourism landscape without undermining other essential services.

Companion Bills

No companion bills found.

Previously Filed As

PA HB1389

In sales and use tax, further providing for Tourism Promotion Fund.

PA SB334

In research and development tax credit, further providing for limitation on credits; and providing for Angel Investment Tax Credit.

PA HB2315

In tax credit and tax benefit administration, further providing for definitions; and providing for promotion of renewable opportunities, supporting people, employment and resilience (PROSPER) tax credit.

PA SB191

In tax credit and tax benefit administration, further providing for definitions; in research and development tax credit, further providing for limitation on credits; and providing for Angel Investment Tax Credit.

PA HB1219

In personal income tax, further providing for classes of income and for special tax provisions for poverty and providing for alternative special tax provisions for poverty; in corporate net income tax, further providing for definitions, for imposition of tax, for reports and payment of tax, for consolidated reports and for manufacturing innovation and reinvestment deduction; in realty transfer tax, further providing for transfer of tax; in tax credit and tax benefit administration, further providing for definitions; in entertainment production tax credit, further providing for definitions, for credit for qualified film production expenses, for carryover, carryback and assignment of credit and for limitations; in Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits, providing for biotechnology; in neighborhood assistance tax credit, further providing for tax credit and for grant of tax credit; providing for expanded neighborhood improvement zones; in Pennsylvania Child and Dependent Care Enhancement Tax Credit Program, further providing for credit for child and dependent care employment-related expenses; providing for Public Transportation Trust Fund; and, in general provisions, further providing for underpayment of estimated tax, for method of filing and for allocation of tax credits.

PA HB1222

Providing for a commuter and commerce toll tax credit.

PA SB823

Providing for a work-based learning tax credit.

PA HB653

In tax credit and tax benefit administration, further providing for definitions; and providing for tax credits for rehabilitation and reconstruction of certain factory and mill buildings and for a business tax credit.

PA HB1958

Providing for employer child care contribution tax credit.

PA SB30

Providing for student loan debt data collection and report, for procedures for student loans, for disclosure of higher education costs, for a student loan ombudsman, for higher education assistance by employers, for duties of the Department of Education, Department of Banking and Securities and Department of Revenue; establishing the Student Loan Refinancing Program; authorizing the Pennsylvania Higher Education Assistance Agency to issue bonds to fund the Student Loan Refinancing Program; establishing the Student Loan Refinancing Fund; providing for student loan debt tax credit, for application for tax credit, for taxpayer eligibility, for carryover and carryback, for outreach and marketing, for guidelines, for employer incentive for higher education assistance tax credit, for application for tax credits and for carryover, carryback and assignment of tax credits; and imposing penalties.

Similar Bills

No similar bills found.