Pennsylvania House Bill HB2132

Pennsylvania 2023-2024 Regular Session

• Introduced: 3/19/24
• Refer: 3/19/24
• Refer: 6/27/24
• Report Pass: 6/27/24
• Engrossed: 6/28/24
• Refer: 6/30/24
• Refer: 7/11/24
• Report Pass: 10/7/24
• Refer: 10/7/24
• Report Pass: 10/8/24
• Refer: 10/9/24
• Report Pass: 10/21/24
• Enrolled: 10/23/24
• Chaptered: 10/29/24
• Passed: 10/29/24

Caption

Establishing the Pennsylvania-Ireland Trade Commission and the Pennsylvania-Ireland Trade Commission Fund; imposing duties on the Department of Community and Economic Development; providing for the Entertainment Economic Enhancement Program;

Impact

If enacted, HB 2132 will create a structured framework to facilitate trade and investment between Pennsylvania and Ireland, tapping into the cultural and entertainment sectors. The establishment of the commission is expected to bolster economic ties, create job opportunities, and attract investments. The tax credits provided under the Entertainment Economic Enhancement Program will incentivize local spending on performances and rehearsals, ultimately benefiting the state's economy and supporting its vibrant arts community.

Summary

House Bill 2132 establishes the Pennsylvania-Ireland Trade Commission and the Pennsylvania-Ireland Trade Commission Fund, along with provisions for an Entertainment Economic Enhancement Program. The bill focuses on promoting economic development by enhancing trade relationships between Pennsylvania and Ireland. It encourages cultural exchanges and aims to support the entertainment industry, specifically through provisions that offer tax credits for eligible rehearsal and tour expenses incurred by musical performers and related entities.

Sentiment

Overall, the sentiment surrounding HB 2132 appears to be positive among its supporters, who view it as a strategic move to further intercontinental relations and enhance Pennsylvania’s status in the entertainment industry. However, there are concerns regarding the adequacy of the fund's size and administrative oversight, with some advocating for more robust frameworks to ensure that the benefits reach local artists and organizations effectively.

Contention

Notable points of contention include discussions about the allocation of funds and the criteria for granting tax credits based on the percentage of local expenses incurred. Some members worry that without sufficient guidelines, larger productions might dominate the benefits, leaving local talent struggling to access support. Additionally, clarity regarding the commission's operational procedures and funding allocations remains a concern, with calls for transparency to prevent any misuse of taxpayer funds.