This bill amends the act of January 25, 1966, which established the Commonwealth of Pennsylvania Council on the Arts, by introducing the Pennsylvania Film Producer Grant Program. The new section, designated as Section 5.1, outlines the establishment of this grant program, which will be administered by the council. The council is tasked with developing criteria for the program, including the creation of an application form, a review process for grant applications, and the management of grant disbursements. The program aims to support eligible Pennsylvania film producers by providing grants for costs associated with film project production, such as site preparation, set construction, and crew hiring.

Additionally, the bill establishes the Pennsylvania Film Producer Grant Program Account as a restricted account within the General Fund, ensuring that funds appropriated for the program are continuously available for grant awards. It also specifies that any unspent funds at the end of the fiscal year will revert to the General Fund. The bill includes a repeal of Section 1716-D(e) of the Tax Reform Code of 1971, which is deemed necessary to implement the new grant program. The act is set to take effect 60 days after its passage.